Ion Geophysical Corporation (IO) Shares are Up 9.09%

Ion Geophysical Corporation (IO) : Traders are bullish on Ion Geophysical Corporation (IO) as it has outperformed the S&P 500 by a wide margin of 3.39% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 9.12%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 9.09% in the last 1 week, and is up 3.78% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

ION Geophysical Corporation has dropped 14.16% during the last 3-month period . Year-to-Date the stock performance stands at -23.2%. The stock has recorded a 20-day Moving Average of 8.23% and the 50-Day Moving Average is 1.56%.


Ion Geophysical Corporation (NYSE:IO): The stock opened at $5.83 on Friday but the bulls could not build on the opening and the stock topped out at $5.93 for the day. The stock traded down to $5.67 during the day, due to lack of any buying support eventually closed down at $5.76 with a loss of -1.87% for the day. The stock had closed at $5.87 on the previous day. The total traded volume was 22,632 shares.

ION Geophysical Corporation (ION) is a global technology-focused company that provides geophysical technology, services and solutions to the global oil and gas industry. The Company offers services and products through four segments: Solutions, Systems, Software and Ocean Bottom Services (OBS). Its Solutions segment offers GeoVentures service and GX Technology. The Systems segment is engaged in the manufacture of marine acquisition systems, consisting of towed marine streamers and shipboard electronics that collect seismic data in water depths of over 30 meters. The Software segment provides command and control software systems, related software and services for towed marine streamer, and seabed operations, as well as survey design. Through the addition of OceanGeo, ION offers an integrated OBS solution that includes survey design, planning and optimization.

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