Large Outflow of Money Witnessed in McDermott International

McDermott International (MDR) : The total money flow in McDermott International (MDR) was negative ($0.99 million), showing the domination of sellers in the Wednesday trading session. The traders utilized every rise to sell their positions, as seen in the value of trading on downtick to the tune of $1.71 million. Transactions on upticks were comparatively lower at $0.72 million. The uptick to downtick ratio was 0.42. The total block trades on downticks were valued at $0.54 million. The money flow during block trades was negative ($0.54 million) when the stock traded with a gain of $21 cent. McDermott International (MDR) was $4.63, an increase of 4.64% over the previous days close.

McDermott

Shares of McDermott International Inc. appreciated by 0.21% during the last five trading days but lost 7.5% on a 4-week basis. McDermott International Inc. has dropped 2.63% during the last 3-month period . Year-to-Date the stock performance stands at 43.58%.

McDermott International (MDR) has an average broker rating of 2.53, which is interpreted as a Hold, as rated by 7 equity analysts. Nonetheless, 2 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 4 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 1 considers that the stock is a Sell.

McDermott International (NYSE:MDR): The stock opened at $4.42 and touched an intraday high of $4.82 on Wednesday. During the day, the stock corrected to an intraday low of $4.42, however, the bulls stepped in and pushed the price higher to close in the green at $4.81 with a gain of 8.82% for the day. The total traded volume for the day was 5,094,687. The stock had closed at $4.42 in the previous trading session.

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.

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