Chicago Bridge & Iron Company N.V. (CBI) Shares Slide -5.98%

Chicago Bridge & Iron Company N.V. (CBI) : During the past 4 weeks, traders have been relatively bearish on Chicago Bridge & Iron Company N.V. (CBI), hence the stock is down -7.6% 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 -5.92% relative to the S&P 500. The 4-week change in the price of the stock is -4.49% and the stock has fallen -5.98% in the past 1 week.

The stock has recorded a 20-day Moving Average of 7.64% and the 50-Day Moving Average is 7.61%. Chicago Bridge & Iron Company N.V. has dropped 15.84% during the last 3-month period . Year-to-Date the stock performance stands at -12.95%.


Chicago Bridge & Iron Company N.V. (NYSE:CBI): On Fridays trading session , Opening price of the stock was $34.11 with an intraday high of $34.36. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $33.35. However, the stock managed to close at $33.81, a loss of 1.74% for the day. On the previous day, the stock had closed at $34.41. The total traded volume of the day was 2,623,657 shares.

Also, Equity Analysts at the Brokerage Firm, MKM Partners, maintains their rating on the shares of Chicago Bridge & Iron Company N.V. (NYSE:CBI). MKM Partners has a Buy rating on the shares. As per the latest research report, the brokerage house lowers the price target to $42 per share from a prior target of $46. The rating by the firm was issued on July 28, 2016.

Chicago Bridge and Iron Company N.V. (CBandI) provides a range of services to customers in the energy infrastructure market across the world. The Company also provides various Government services. CBandI operates through four segments: Engineering, Construction and Maintenance, which provides engineering, procurement and construction (EPC) services for energy infrastructure facilities, as well as integrated maintenance services; Fabrication Services, which provides fabrication of piping systems, process and nuclear modules; fabrication and erection of steel plate structures, and manufacturing and distribution of pipe and fittings for various industries, such as oil and gas, mining, mineral processing and power generation; Technology, which provides licensed process technologies, catalysts and engineered products, and offers process planning and project development services, and Environmental Solutions, which provides environmental services for Government and private sector customers.

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