Weatherford International plc (OTCMKTS:WFTLF – Get Free Report)’s stock price rose 6.9% during mid-day trading on Wednesday. The stock traded as high as $13.01 and last traded at $12.40. Approximately 452,600 shares traded hands during mid-day trading, an increase of 242% from the average session volume of 132,486 shares. The stock had previously closed at $11.60.
Weatherford International Stock Up 6.9%
The business has a 50 day simple moving average of $12.40 and a 200-day simple moving average of $12.40.
About Weatherford International
Weatherford International is an oilfield services company that provides equipment, technology and services to the global energy industry. Its offerings support the exploration, drilling, completion, production and intervention of oil and natural gas wells.
The company’s services and products have included drilling systems, well construction technologies, artificial lift equipment, production optimization solutions, well integrity services and intervention tools. Weatherford serves exploration and production companies across major oil- and gas-producing regions, including North America, Latin America, Europe, the Middle East, Africa and Asia-Pacific.
Weatherford has a long operating history in the oilfield services sector, dating to the early 20th century.
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