Weatherford International (OTCMKTS:WFTLF) Stock Price Up 6.9% – Still a Buy?
by Kim Johansen · The Markets DailyWeatherford International plc (OTCMKTS:WFTLF – Get Free Report) rose 6.9% during trading on Tuesday . The stock traded as high as $13.01 and last traded at $12.40. Approximately 452,600 shares traded hands during trading, an increase of 242% from the average daily volume of 132,486 shares. The stock had previously closed at $11.60.
Weatherford International Trading Up 6.9%
The firm’s fifty day simple moving average is $12.40 and its 200 day simple moving average is $12.40.
About Weatherford International
Weatherford International plc is a global provider of oilfield services and equipment, offering comprehensive solutions across the lifecycle of the well. The company serves exploration and production operators in the upstream segment of the energy industry, providing technologies and field-proven expertise to optimize drilling, evaluation, completion and production operations. Its suite of services is designed to enhance well performance, improve operational efficiency and reduce the total cost of ownership for clients.
Key offerings include drilling and evaluation tools, formation evaluation services, well construction and completion systems, production enhancement technologies and well intervention solutions.