Noble Corporation (NE) Shares are Down -4.07%

Noble Corporation (NE) : During the past 4 weeks, traders have been relatively bearish on Noble Corporation (NE), hence the stock is down -16.06% 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 -4.47% relative to the S&P 500. The 4-week change in the price of the stock is -13.97% and the stock has fallen -4.07% in the past 1 week.

Noble Corporation (NYSE:NE): The stock opened at $7.15 on Friday but the bulls could not build on the opening and the stock topped out at $7.24 for the day. The stock traded down to $6.87 during the day, due to lack of any buying support eventually closed down at $7.08 with a loss of -0.98% for the day. The stock had closed at $7.15 on the previous day. The total traded volume was 9,639,143 shares.

The stock has recorded a 20-day Moving Average of 8.66% and the 50-Day Moving Average is 15.03%. Noble Corporation plc has dropped 29.92% during the last 3-month period . Year-to-Date the stock performance stands at -31.23%.

Noble Corporation (NE) : The most positive equity analysts on Noble Corporation (NE) expects the shares to touch $11, whereas, the least positive believes that the stock will trade at $4 in the short term. The company is covered by 15 Wall Street Brokerage Firms. The average price target for shares are $8.21 with an expected fluctuation of $2.05 from the mean.


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