Saipem (OTCMKTS:SAPMF – Get Free Report) saw unusually-strong trading volume on Wednesday. 20,180 shares traded hands during mid-day trading, an increase of 326% from the previous session’s volume of 4,735 shares. The stock last traded at $4.82 and had previously closed at $4.87.
Saipem Price Performance
The company has a 50-day simple moving average of $5.00 and a 200-day simple moving average of $4.95.
About Saipem
Saipem S.p.A. is an Italian engineering and construction company serving the energy and infrastructure industries. The company provides engineering, procurement, construction and project management services for complex projects, with capabilities spanning offshore and onshore facilities, subsea infrastructure, pipelines and energy transition-related developments.
Saipem’s activities include offshore construction and installation, subsea field development, drilling services, onshore plants, liquefied natural gas and gas infrastructure projects, as well as fabrication and maintenance services.
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