McDermott International (MDR) Shares are Down -1.98%

McDermott International (MDR) : During the past 4 weeks, traders have been relatively bearish on McDermott International (MDR), hence the stock is down -2.01% 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 -2.03% relative to the S&P 500. The 4-week change in the price of the stock is -1% and the stock has fallen -1.98% in the past 1 week.

The stock has recorded a 20-day Moving Average of 0.13% and the 50-Day Moving Average is 1.51%. McDermott International (NYSE:MDR): On Fridays trading session , Opening price of the stock was $5.01 with an intraday high of $5.05. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $4.9. However, the stock managed to close at $4.96, a loss of 0.60% for the day. On the previous day, the stock had closed at $4.99. The total traded volume of the day was 1,215,332 shares.


The company Insiders own 2.07% of McDermott International shares according to the proxy statements. Institutional Investors own 83.78% of McDermott International shares. Also, Brokerage firm Citigroup maintains its rating on McDermott International (NYSE:MDR). As per the latest information, the brokerage house raises the price target to $6 per share from a prior target of $5. The shares have been rated Neutral. The rating by the firm was issued on July 27, 2016.

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.

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