Today's Pre-Market Mover With Heavy Volume: Seadrill (SDRL)

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Trade-Ideas LLC identified Seadrill ( SDRL) as a pre-market mover with heavy volume candidate. In addition to specific proprietary factors, Trade-Ideas identified Seadrill as such a stock due to the following factors:

  • SDRL has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $114.9 million.
  • SDRL traded 357,809 shares today in the pre-market hours as of 8:30 AM, representing 11.3% of its average daily volume.

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More details on SDRL:

Seadrill Limited, an offshore drilling contractor, provides offshore drilling services to the oil and gas industry worldwide. The company operates in three segments: Floaters, Jack-up Rigs, and Tender Rigs. The stock currently has a dividend yield of 10.9%. SDRL has a PE ratio of 6.7. Currently there are 3 analysts that rate Seadrill a buy, 1 analyst rates it a sell, and 4 rate it a hold.

The average volume for Seadrill has been 4.1 million shares per day over the past 30 days. Seadrill has a market cap of $17.2 billion and is part of the basic materials sector and energy industry. The stock has a beta of 1.42 and a short float of 7.6% with 8.97 days to cover. Shares are down 10.1% year-to-date as of the close of trading on Monday.

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