McDermott International Inc (MDR): Today's Featured Materials & Construction Laggard
McDermott International (MDR) pushed the Materials & Construction industry lower today making it today's featured Materials & Construction laggard. The industry as a whole closed the day up 0.4%. By the end of trading, McDermott International fell 80 cents (-6.7%) to $11.20 on heavy volume. Throughout the day, 12.7 million shares of McDermott International exchanged hands as compared to its average daily volume of 3.9 million shares. The stock ranged in price between $11.04-$11.81 after having opened the day at $11.55 as compared to the previous trading day's close of $12. Other company's within the Materials & Construction industry that declined today were: Heckmann (HEK), down 22.8%, Tutor Perini (TPC), down 12.8%, Skyline Corporation (SKY), down 11.5%, and Gafisa (GFA), down 6.5%.
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