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Stock Market & Financial Investment News

News Breaks
February 19, 2014
10:32 EDTNBRNabors Industries breaks out following earnings, levels to watch
The shares are up over 10.4% to $20.60 at time of writing. This move above $20 following earnings breaks the top of a trading range that had been in place for more than a year. Typically a break above long-held resistance leads to a sustained move higher over time. At current price, next resistance is at $21.10. Support is at $20.03.
News For NBR From The Last 14 Days
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May 26, 2015
09:58 EDTNBROn The Fly: Analyst Downgrade Summary
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07:22 EDTNBR, NBRNabors Industries downgraded to Underperform from Outperform at CLSA
CLSA downgraded Nabors Industries to Underperform from Outperform despite raising its price target to $16 from $13. CLSA's analyst believes the advancement of unconventional drilling has been one of the most disruptive technologies in the sectors' history and will derail cycle normalization near-term. The firm believes the industry will need half as many rigs to keep production flat until attrition right-sizes the industry.
May 21, 2015
07:25 EDTNBRUBS to hold a conference
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