Rowan Companies plc (NYSE:RDC) : During the past 4 weeks, traders have been relatively bearish on Rowan Companies plc (NYSE:RDC), hence the stock is down -6.01% 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 -10.52% relative to the S&P 500. The 4-week change in the price of the stock is -4.49% and the stock has fallen -9.37% in the past 1 week.
The company shares have dropped -11.47% from its 1 Year high price. On Nov 3, 2015, the shares registered one year high at $21.83 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $17.70 and the 200 Day Moving Average price is recorded at $15.78.
The stock has recorded a 20-day Moving Average of 4.23% and the 50-Day Moving Average is 2.68%.
Rowan Companies plc (NYSE:RDC): stock turned positive on Friday. Though the stock opened at $17.44, the bulls momentum made the stock top out at $17.8 level for the day. The stock recorded a low of $17.17 and closed the trading day at $17.22, in the green by 0.70%. The total traded volume for the day was 2,373,188. The stock had closed at $17.1 in the previous days trading.
In an insider trading activity, Sandvold Tore I, director of Rowan Companies Plc, executed a transaction worth $111,450 on May 19, 2015. A total of 5,000 shares were purchased at an average price of $22.29. 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.
Rowan Companies plc (Rowan) is a provider of international and domestic offshore oil and gas contract drilling services. Its operation broadly consists of Drilling Fleet and Contracts. It has a fleet of 30 self-elevating mobile offshore jack-up drilling units and four ultra-deepwater drillships. It conducts offshore drilling operations in the United States Gulf of Mexico (US GOM), the United Kingdom (UK) and Norwegian sectors of the North Sea, the Middle East, West and North Africa, Southeast Asia and Trinidad. The Companys jack-ups are capable of drilling wells to depths ranging from 25,000 to 40,000 feet and in water depths ranging from 250 to 550 feet. Its ultra-deepwater drillships are capable of drilling wells to depths of 40,000 feet and in water depths of 12,000 feet. The Companys drilling contracts provide for a fixed amount of compensation per day, and are either well-to-well, multiple-well or fixed-term generally ranging from one month to several years.