McDermott International (NYSE:MDR) has risen sharply, recording gains of 4.85% in the past 4 weeks. However, the stock has corrected -0.6% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 3.19% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The company shares have dropped -1.97% from its 1 Year high price. On Nov 11, 2015, the shares registered one year high at $6.00 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $4.78 and the 200 Day Moving Average price is recorded at $3.87.
The stock has recorded a 20-day Moving Average of 4.03% and the 50-Day Moving Average is 6.75%.
McDermott International (NYSE:MDR): stock turned positive on Friday. Though the stock opened at $4.8, the bulls momentum made the stock top out at $5 level for the day. The stock recorded a low of $4.8 and closed the trading day at $4.97, in the green by 5.30%. The total traded volume for the day was 2,122,086. The stock had closed at $4.72 in the previous days trading.
In an insider trading activity, Trice David A, director of Mcdermott International Inc, executed a transaction worth $83,200 on November 14, 2014. A total of 20,000 shares were purchased at an average price of $4.16. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.
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.