NOW (DNOW) Shares are Down -8.56%

NOW (DNOW) has risen sharply, recording gains of 3.45% in the past 4 weeks. However, the stock has corrected -8.56% in the past 1 week, providing a good buying opportunity on dips. NOW (DNOW) : During the past 4 weeks, traders have been relatively bearish on NOW (DNOW), hence the stock is down -3.1% 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 -9.12% relative to the S&P 500.

NOW (NYSE:DNOW): The stock opened at $18.95 on Friday but the bulls could not build on the opening and the stock topped out at $19.15 for the day. The stock traded down to $18.74 during the day, due to lack of any buying support eventually closed down at $18.90 with a loss of -0.21% for the day. The stock had closed at $18.94 on the previous day. The total traded volume was 882,526 shares.


The stock has recorded a 20-day Moving Average of 0.28% and the 50-Day Moving Average is 3.77%. NOW Inc. is up 3.39% in the last 3-month period. Year-to-Date the stock performance stands at 19.47%.

NOW Inc. (NOW) is a global distributor to energy and industrial markets. The Company operates through three segments: United States (U.S.), Canada and International. The Company operates primarily under the DistributionNOW and Wilson Export brands. Its energy product offering is needed throughout all sectors of the oil and gas industry, from upstream drilling and completion, exploration and production (E&P), midstream infrastructure development to downstream petroleum refining, as well as in other industries. It also provides supply chain management to drilling contractors, E&P operators, midstream operators, downstream energy and industrial manufacturing companies around the world. The Companys global product offering includes consumable maintenance, repair and operating (MRO) supplies, pipe, valves, fittings, flanges, electrical, artificial lift solutions, mill tools, safety supplies and spare parts to support customers operations.

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