Seadrill Limited (SDRL) has been under a strong bear grip, hence the stock is down -12.29% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 1.43% in the past 1 week. The stock has risen by 2.95% in the past week indicating that the buyers are active at lower levels, but the stock is down -8.45% in the past 4 weeks. The stock has recorded a 20-day Moving Average of 3.24% and the 50-Day Moving Average is 7.23%.
Seadrill Limited (NYSE:SDRL): The stock opened at $3.26 on Friday but the bulls could not build on the opening and the stock topped out at $3.31 for the day. The stock traded down to $3.12 during the day, due to lack of any buying support eventually closed down at $3.14 with a loss of -0.95% for the day. The stock had closed at $3.17 on the previous day. The total traded volume was 7,641,742 shares.
Institutional Investors own 34.41% of Seadrill Limited shares.
Seadrill Limited is an offshore drilling contractor providing offshore drilling services to the oil and gas industry. The Companys primary business is the ownership and operation of drillships, semi-submersible rigs and jack-up rigs for operations in shallow and deep water areas, as well as benign and harsh environments. The Company has three operating segments: Floaters, Jack-ups rigs and Other. The Companys Floaters segment includes drillships and semi-submersible rigs. The Companys Jack-ups rigs segment includes jack-up rigs. The Companys Other segment consists primarily of rig management services. The Company, through its subsidiaries, owns and operates its offshore drilling units and makes investments in other offshore drilling and oil services companies. Its subsidiaries include North Atlantic Drilling Ltd, Sevan Drilling ASA and Asia Offshore Drilling. It owns and operates approximately 43 offshore drilling units and has 16 offshore drilling units under construction.