NOW (DNOW) Shares are Up 7.36%

NOW (DNOW) : Traders are bullish on NOW (DNOW) as it has outperformed the S&P 500 by a wide margin of 3.83% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 7.19%, 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 7.36% in the last 1 week, and is up 3.28% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The stock has recorded a 20-day Moving Average of 7.21% and the 50-Day Moving Average is 6.66%.The 200 Day SMA reached 21.99%


NOW (NYSE:DNOW): After opening at $21, the stock dipped to an intraday low of $20.77 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $21.75 and the buying power remained strong till the end. The stock closed at $21.43 for the day, a gain of 3.18% for the day session. The total traded volume was 1,097,998. The stocks close on the previous trading day was $21.43.

NOW (DNOW) : The highest short term price target forecast on NOW (DNOW) is $22 and the lowest target price is $19. A total of 4 equity analysts are currently covering the company. The average price of all the analysts is $20.75 with a standard deviation of $1.26.

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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