Diamond Offshore Drilling (DO) Shares are Down -8.98%

Diamond Offshore Drilling (DO) : During the past 4 weeks, traders have been relatively bearish on Diamond Offshore Drilling (DO), hence the stock is down -10.44% 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 -9.53% relative to the S&P 500. The 4-week change in the price of the stock is -4.39% and the stock has fallen -8.98% in the past 1 week.

Diamond Offshore Drilling (NYSE:DO): The stock opened at $24.02 on Friday but the bulls could not build on the opening and the stock topped out at $24.02 for the day. The stock traded down to $23.29 during the day, due to lack of any buying support eventually closed down at $23.52 with a loss of -1.59% for the day. The stock had closed at $23.90 on the previous day. The total traded volume was 1,778,016 shares.


The stock has recorded a 20-day Moving Average of 4.78% and the 50-Day Moving Average is 4.6%. Diamond Offshore Drilling, Inc. has dropped 1.59% during the last 3-month period . Year-to-Date the stock performance stands at 11.47%.

Diamond Offshore Drilling, Inc. is a company engaged in offshore drilling and providing contract drilling services to the energy industry. The Company has a fleet of 38 offshore drilling rigs, including 27 semisubmersibles, six jack-ups and five drillships. The Companys diverse fleet enables the Company to offer a range of services around the world in both the floater market (ultra-deepwater, deepwater and mid-water) and the non-floater, or jack-up, market. The Companys floater fleet (semisubmersibles and drillships) is of three types: ultra-deepwater, deepwater, and mid-water. Jack-up rigs are mobile, self-elevating drilling platforms equipped with legs that are lowered to the ocean floor. The Companys jack-ups are used for drilling in water depths from 20 feet to 350 feet. All of the Companys jack-up rigs are equipped with a cantilever system that enables the rig to extend its drilling package over the aft end of the rig.

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