Seadrill Limited (SDRL) Moves Lower on Volume Spike for February 27

Equities Staff  |

Seadrill Limited (SDRL) traded on unusually high volume on Feb. 27, as the stock lost 0.45% to close at $8.79. On the day, Seadrill Limited saw 894,263 shares trade hands on 5,363 trades. Considering that the stock averages only a daily volume of 545,124 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 $26.72 and $0.10 over the last 52-weeks, its 50-day SMA is now $9.30, and its 200-day SMA $13.35. Seadrill Limited has a P/B ratio of n/a.

Seadrill Ltd provides drilling and well services to the offshore industry. The company operates a variety of rigs around the world for national and international oil and gas companies.

Headquartered in Hamilton, , Seadrill Limited has 0 employees and is currently under the leadership of CEO .

For a complete fundamental analysis analysis of Seadrill Limited, check out Equities.com’s Stock Valuation Analysis report for SDRL.

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To get more information on Seadrill Limited and to follow the company’s latest updates, you can visit the company’s profile page here: SDRL’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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