Chicago Bridge & Iron Company N.V. (NYSE:CBI) has been under a strong bear grip, hence the stock is down -3.53% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 1.36% in the past 1 week. The stock has risen by 2.66% in the past week indicating that the buyers are active at lower levels, but the stock is down -1.97% in the past 4 weeks.
The company shares have dropped -21.38% from its 1 Year high price. On Jul 31, 2015, the shares registered one year high at $53.73 and the one year low was seen on Feb 12, 2016. The 50-Day Moving Average price is $36.42 and the 200 Day Moving Average price is recorded at $36.50.
The stock has recorded a 20-day Moving Average of 2.27% and the 50-Day Moving Average is 1.72%.
Chicago Bridge & Iron Company N.V. (NYSE:CBI): stock turned positive on Friday. Though the stock opened at $35.93, the bulls momentum made the stock top out at $36.86 level for the day. The stock recorded a low of $35.85 and closed the trading day at $36.34, in the green by 2.68%. The total traded volume for the day was 1,411,000. The stock had closed at $35.39 in the previous days trading.
In an insider trading activity, The officer (Executive Vice President), of Chicago Bridge & Iron Co N V, Mullen Patrick K had unloaded 11,985 shares at $36.65 per share in a transaction on June 23, 2016. The total value of transaction was $439,250. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
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.