Tidewater (TDW) Shares are Up 1.23%

Tidewater (TDW) has been under a strong bear grip, hence the stock is down -28.81% 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 1.27% in the past 1 week. The stock has risen by 1.23% in the past week indicating that the buyers are active at lower levels, but the stock is down -28.54% in the past 4 weeks.

Tidewater Inc. has dropped 47.52% during the last 3-month period . Year-to-Date the stock performance stands at -52.87%. The stock has recorded a 20-day Moving Average of 16.49% and the 50-Day Moving Average is 25.78%.


Tidewater (NYSE:TDW): The stock opened at $3.33 on Friday but the bulls could not build on the opening and the stock topped out at $3.33 for the day. The stock traded down to $3.22 during the day, due to lack of any buying support eventually closed down at $3.28 with a loss of -1.80% for the day. The stock had closed at $3.34 on the previous day. The total traded volume was 1,045,308 shares.

Also, In a research note released to the investors, Johnson Rice downgrades its rating on Tidewater (NYSE:TDW).The analysts at the brokerage house have a current rating of Hold on the shares. Earlier, the shares were rated a Accumulate by the brokerage firm. The rating by the firm was issued on August 10, 2016.

Tidewater Inc. provides offshore service vessels and marine support services to the global offshore energy industry. The Company operates through four operating segments: Americas, Asia/Pacific, Middle East/North Africa and Sub-Saharan Africa/Europe. The Americas segment includes the activities of its North American operations, which include operations in the United States Gulf of Mexico (GOM), and the United States and Canadian coastal waters of the Pacific and Atlantic oceans, as well as operations in Mexico, Trinidad and Brazil. The Asia/Pacific segment includes its Australian, Southeast Asian and Western Pacific operations. The Middle East/North Africa segment includes its operations in the Mediterranean and Red Seas, the Black Sea, the Arabian Gulf and offshore India. The Sub-Saharan Africa/Europe segment includes operations conducted along the East and West Coasts of Africa, as well as operations in the Caspian Sea, the North Sea, and other arctic and cold water markets.

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