Weatherford International plc (Ireland) (WFT) Moves Lower on Volume Spike for March 15

Equities Staff  |

Weatherford International plc (Ireland) (WFT) traded on unusually high volume on Mar. 15, as the stock lost 1.35% to close at $0.73. On the day, Weatherford International plc (Ireland) saw 41.95 million shares trade hands on 28,078 trades. Considering that the stock averages only a daily volume of 24.64 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 $3.75 and $0.22 over the last 52-weeks, its 50-day SMA is now $0.68, and its 200-day SMA $1.95. Weatherford International plc (Ireland) has a P/B ratio of -0.2.

Weatherford International provides a diversified portfolio of oilfield services, with offerings catering to all geographies and different types of oilfields. The firm's largest market has recently been North America, often accounting for as much as 40% of its total revenue. Key product lines include artificial lift, tubular running services, cementing products, directional drilling, and wireline evaluation.

Headquartered in Baar, , Weatherford International plc (Ireland) has 26,500 employees and is currently under the leadership of CEO Mark A. Mccollum.

For a complete fundamental analysis analysis of Weatherford International plc (Ireland), check out’s Stock Valuation Analysis report for WFT.

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To get more information on Weatherford International plc (Ireland) and to follow the company’s latest updates, you can visit the company’s profile page here: WFT’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit’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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