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Actionable news in NBR: NABORS INDUSTRIES Ltd.,

Today's Dead Cat Bounce Stock: Nabors Industries (NBR)

Trade-Ideas LLC identified Nabors Industries ( NBR) as a "dead cat bounce" (down big yesterday but up big today) candidate. In addition to specific proprietary factors, Trade-Ideas identified Nabors Industries as such a stock due to the following factors:

  • NBR has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $95.9 million.
  • NBR has traded 370,311 shares today.
  • NBR is up 5.7% today.
  • NBR was down 9.8% yesterday.

EXCLUSIVE OFFER: Get the inside scoop on opportunities in NBR with the Ticky from Trade-Ideas. See the FREE profile for NBR NOW at Trade-Ideas More details on NBR: Nabors Industries Ltd., together with its subsidiaries, provides drilling and rig services. The stock currently has a dividend yield of 2.2%. Currently there are 12 analysts that rate Nabors Industries a buy, 1 analyst rates it a sell, and 7 rate it a hold. The average volume for Nabors Industries has been 9.3 million shares per day over the past 30 days. Nabors has a market cap of $3.6 billion and is part of the basic materials sector and energy industry. The stock has a beta of 1.68 and a short float of 3.6% with 1.00 days to cover. Shares are up 21.9% year-to-date as of the close of trading on Monday. EXCLUSIVE OFFER: See...