NOV Inc. Stock Falls Thursday, Underperforms Market
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Shares of NOV Inc. (NOV) slipped 3.02% to $20.57 Thursday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 2.38% to 4,017.82 and Dow Jones Industrial Average falling 1.94% to 32,272.79. This was the stock's second consecutive day of losses. NOV Inc. closed $3.49 short of its 52-week high ($24.06), which the company reached on March 8th.
The stock demonstrated a mixed performance when compared to some of its competitors Thursday, as Schlumberger Ltd. (SLB) fell 2.88% to $48.14, Baker Hughes Co. (BKR) fell 3.76% to $36.08, and Dril-Quip Inc. (DRQ) fell 1.51% to $30.65. Trading volume (1.7 M) remained 1.8 million below its 50-day average volume of 3.5 M.
Data source: Dow Jones Market Data, FactSet. Data compiled June 9, 2022.
(END) Dow Jones Newswires
June 09, 2022 17:11 ET (21:11 GMT)
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