Shares of Weatherford International plc (WFT) Rally 12.31%

Weatherford International plc (WFT) has been under a strong bear grip, hence the stock is down -3.38% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 10.66% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 12.31% in the last 1 week, and is up 0.84% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 4.83% and the 50-Day Moving Average is 3.32%.

Weatherford International plc (NYSE:WFT): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $6.03 and $6.00 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $6.16. The buying momentum continued till the end and the stock did not give up its gains. It closed at $6.02, notching a gain of 0.67% for the day. The total traded volume was 17,889,288 . The stock had closed at $5.98 on the previous day.


The company Insiders own 1.1% of Weatherford International plc shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by 14.67% . Institutional Investors own 93.86% of Weatherford International plc shares. During last six month period, the net percent change held by insiders has seen a change of 14.88%. In a related news, Kalman Francis S, director of Weatherford International Plc had purchased 30,000 shares on May 9, 2016 in a transaction. The price per share was $5.29 and the total amount of the disclosed transaction was $158,700.The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. This information is based on open market transaction at the market prices.

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