Ensco plc Class A (ESV) Moves Lower on Volume Spike for December 18

Equities Staff  |

Ensco plc Class A (ESV) traded on unusually high volume on Dec. 18, as the stock lost 4.31% to close at $3.77. On the day, Ensco plc Class A saw 25.29 million shares trade hands on 69,054 trades. Considering that the stock averages only a daily volume of 15.35 million shares a day over the last month, this represents a pretty significant bump in volume over the norm.

Generally speaking, when a stock experiences a sudden spike in trading volume, it may be seen as a bullish signal for investors. An increase in volume means more market awareness for the company, potentially setting up a more meaningful move in stock price. The added volume also provides a level of support and stability for price advances.

The stock has traded between $9.51 and $3.92 over the last 52-weeks, its 50-day SMA is now $6.84, and its 200-day SMA $6.48. Ensco plc Class A has a P/B ratio of 0.2.

Ensco owns one of the newest jackup and deep-water fleets in the contract drilling industry, which drills for oil and natural gas globally. The firm is based in London, but its rigs drill around the world for national and international oil companies, as well as independents.

Headquartered in London, , Ensco plc Class A has 5,400 employees and is currently under the leadership of CEO Carl Trowell.

For a complete fundamental analysis analysis of Ensco plc Class A, check out Equities.com’s Stock Valuation Analysis report for ESV.

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To get more information on Ensco plc Class A and to follow the company’s latest updates, you can visit the company’s profile page here: ESV’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.



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