Weatherford International plc (WFT) has risen sharply, recording gains of 0.56% in the past 4 weeks. However, the stock has corrected -5.11% in the past 1 week, providing a good buying opportunity on dips. Weatherford International plc (WFT) : During the past 4 weeks, traders have been relatively bearish on Weatherford International plc (WFT), hence the stock is down -1.88% 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 -5.51% relative to the S&P 500.
Weatherford International plc (NYSE:WFT): The stock was completely flat for the day, closing at $5.39 on Friday. The flat closing masks the intraday volatility in the stock. After opening at $5.38, the stock touched an intraday high of $5.47 and a low of $5.26. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $5.39. The total trading volume on Friday was 19,672,470.
The stock has recorded a 20-day Moving Average of 5.65% and the 50-Day Moving Average is 8.12%. Weatherford International plc has dropped 4.94% during the last 3-month period . Year-to-Date the stock performance stands at -35.76%.
Weatherford International plc (WFT) : The highest level Weatherford International plc (WFT) is projected to reach is $13 for the short term and the lowest estimate is at $5. The consolidated price target from 20 rating analysts who initiate coverage on the stock is $7.66 and the possibility the share price can swing is $2.19.