Stock To Watch: Noble Corporation (NE) In Perilous Reversal
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Trade-Ideas LLC identified
(
) as a "perilous reversal" (up big yesterday but down big today) candidate. In addition to specific proprietary factors, Trade-Ideas identified Noble Corporation as such a stock due to the following factors:
- NE has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $122.3 million.
- NE has traded 1.1 million shares today.
- NE is down 3.1% today.
- NE was up 5.2% yesterday.
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More details on NE:
Noble Corporation plc operates as an offshore drilling contractor for the oil and gas industry worldwide. It owns and operates a fleet of mobile offshore drilling units.
The average volume for Noble Corporation has been 3.8 million shares per day over the past 30 days. Noble has a market cap of $8.0 billion and is part of the basic materials sector and energy industry. The stock has a beta of 1.63 and a short float of 11.2% with 3.25 days to cover.
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