Precision Drilling Corporation (PDS) Shares are Down -8.3%

Precision Drilling Corporation (PDS) : During the past 4 weeks, traders have been relatively bearish on Precision Drilling Corporation (PDS), hence the stock is down -16.8% 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 -8.86% relative to the S&P 500. The 4-week change in the price of the stock is -11.18% and the stock has fallen -8.3% in the past 1 week.

Precision Drilling Corporation (NYSE:PDS): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $4.50 and $4.30 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $4.56. The buying momentum continued till the end and the stock did not give up its gains. It closed at $4.53, notching a gain of 1.12% for the day. The total traded volume was 2,103,499 . The stock had closed at $4.48 on the previous day.


The stock has recorded a 20-day Moving Average of 10.06% and the 50-Day Moving Average is 7.49%. Precision Drilling Corporation has dropped 4.83% during the last 3-month period . Year-to-Date the stock performance stands at 14.97%.

Precision Drilling Corporation (Precision) is an oilfield services company. The Company provides contract drilling, well servicing and strategic support services to customers. It provides customers with access to a fleet of contract drilling rigs, directional drilling services, well service and snubbing rigs, coiled tubing services, camps, rental equipment, and water treatment units backed by a mix of technical support services. The Company provides the equipment, personnel and support services, which enables drill, complete and workover onshore wells for conventional and unconventional crude oil and natural gas exploration and production. The Companys service lines include Drilling Rigs (Canada), Drilling Rigs (United States), Drilling Rigs (International), Directional Drilling (Canada and United States), Rig Builds and Repair Turnkey Drilling Services, Oilfield Supplies (Canada and United States) and Oilfield Equipment Rentals, among others.

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