NOW (DNOW) Shares Slide -3.12%

NOW (DNOW) : During the past 4 weeks, traders have been relatively bearish on NOW (DNOW), hence the stock is down -4.71% 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 -3.06% relative to the S&P 500. The 4-week change in the price of the stock is -1.51% and the stock has fallen -3.12% in the past 1 week.

The stock has recorded a 20-day Moving Average of 4.7% and the 50-Day Moving Average is 0.44%. NOW Inc. is up 1.38% in the last 3-month period. Year-to-Date the stock performance stands at 15.74%.


NOW (NYSE:DNOW): On Fridays trading session , Opening price of the stock was $18.35 with an intraday high of $18.55. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $18.11. However, the stock managed to close at $18.31, a loss of 1.24% for the day. On the previous day, the stock had closed at $18.54. The total traded volume of the day was 1,914,174 shares.

Also, Equity analysts at the Brokerage firm JP Morgan maintains its rating on NOW (NYSE:DNOW). The rating major has initiated the coverage with neutral rating on the shares. The Analysts at JP Morgan raises the price target from $12 per share to $14 per share. The rating by the firm was issued on May 5, 2016.

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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