McDermott International (MDR) : During the past 4 weeks, traders have been relatively bearish on McDermott International (MDR), hence the stock is down -6.72% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -5.17% relative to the S&P 500. The 4-week change in the price of the stock is -0.42% and the stock has fallen -4.59% in the past 1 week.
McDermott International (NYSE:MDR): The stock opened at $4.84 on Friday but the bulls could not build on the opening and the stock topped out at $4.86 for the day. The stock traded down to $4.68 during the day, due to lack of any buying support eventually closed down at $4.78 with a loss of -1.04% for the day. The stock had closed at $4.83 on the previous day. The total traded volume was 1,542,687 shares.
The stock has recorded a 20-day Moving Average of 2.45% and the 50-Day Moving Average is 0.01%. McDermott International Inc. is up 5.52% in the last 3-month period. Year-to-Date the stock performance stands at 42.69%.
McDermott International, Inc. is an engineering, procurement, construction and installation (EPCI) company focused on designing and executing offshore oil and gas projects across the world. The Companys operating segments include Asia Pacific, Americas, Middle East and North Sea and Africa. The Asia Pacific segment serves customers in Australia, Indonesia, Vietnam, Malaysia, Thailand and India. The Americas segment serves customers in the United States, Brazil, Mexico, Trinidad and Africa. The Middle East segment includes its North Sea and Africa operations, which serves customers in Saudi Arabia, Qatar, the United Arab Emirates (U.A.E.), Kuwait, India, Azerbaijan, Russia, the North Sea and Africa. It delivers fixed and floating production facilities, pipeline installations and subsea systems from concept to commissioning. Its customers include national, integrated and other oil and gas companies, and it operates in offshore oil and gas producing regions throughout the world.