Ocean Rig UDW (NASDAQ:ORIG) : During the past 4 weeks, traders have been relatively bearish on Ocean Rig UDW (NASDAQ:ORIG), hence the stock is down -16.14% 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 -8.1% relative to the S&P 500. The 4-week change in the price of the stock is -14.79% and the stock has fallen -6.92% in the past 1 week.
The company shares have dropped -49.48% from its 1 Year high price. On Jul 14, 2015, the shares registered one year high at $4.99 and the one year low was seen on Feb 24, 2016. The 50-Day Moving Average price is $2.59 and the 200 Day Moving Average price is recorded at $1.61.
The stock has recorded a 20-day Moving Average of 10.88% and the 50-Day Moving Average is 0.96%.
Ocean Rig UDW (NASDAQ:ORIG): stock turned positive on Friday. Though the stock opened at $2.38, the bulls momentum made the stock top out at $2.4675 level for the day. The stock recorded a low of $2.29 and closed the trading day at $2.42, in the green by 3.86%. The total traded volume for the day was 1,724,067. The stock had closed at $2.33 in the previous days trading.
Ocean Rig UDW Inc. is a Marshall Islands-registered international offshore drilling contractor. The Company provides oilfield services for offshore oil and gas exploration, development and production drilling. It specializes in the ultra-deepwater and harsh-environment segment of the offshore drilling industry. Ocean Rig owns and operates two ultra-deepwater semi-submersible offshore drilling rigs, the Leiv Eiriksson and the Eirik Raude, both based on the Companys Bingo 9000 design. In addition, in January 2011, the Company took delivery of the new build drillship Ocean Rig Corcovado from Samsung Heavy Industries in Korea. As of December 22, 2010, Ocean Rig UDW Inc. was majority owned by DryShips Inc., which held a 78% stake in the Company.