Weatherford International plc (OTCMKTS:WFTLF – Get Free Report) shares were up 6.9% during mid-day trading on Wednesday. The stock traded as high as $13.01 and last traded at $12.40. 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 Stock Up 6.9%
The company has a 50 day simple moving average of $12.40 and a two-hundred day simple moving average of $12.40.
About Weatherford International
Weatherford International is an oilfield services company that provides equipment, technology and services to the global energy industry. Its offerings support the exploration, drilling, completion, production and intervention of oil and natural gas wells.
The company’s services and products have included drilling systems, well construction technologies, artificial lift equipment, production optimization solutions, well integrity services and intervention tools. Weatherford serves exploration and production companies across major oil- and gas-producing regions, including North America, Latin America, Europe, the Middle East, Africa and Asia-Pacific.
Weatherford has a long operating history in the oilfield services sector, dating to the early 20th century.
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