Price Don’t Lie: What’s Next for North Atlantic Drilling Ltd. After Today’s Big Increase?

Price Don't Lie: What's Next for North Atlantic Drilling Ltd. After Today's Big Increase?

The stock of North Atlantic Drilling Ltd. (NYSE:NADL) is a huge mover today! About 690,440 shares traded hands or 600.32% up from the average. North Atlantic Drilling Ltd. (NYSE:NADL) has declined 3.26% since April 20, 2016 and is downtrending. It has underperformed by 7.81% the S&P500.
The move comes after 5 months positive chart setup for the $71.62 million company. It was reported on Nov, 22 by Barchart.com. We have $3.38 PT which if reached, will make NYSE:NADL worth $2.15 million more.

According to Zacks Investment Research, “North Atlantic Drilling Ltd offers harsh environment offshore drilling services to the oil and gas industry primarily in Norway and the United Kingdom. The company provides drillships, semi-submersibles, jack-ups, harsh environment and ultra-deepwater units. North Atlantic Drilling Ltd is based in Hamilton, Bermuda.”

More important recent North Atlantic Drilling Ltd. (NYSE:NADL) news were published by: Globenewswire.com which released: “NADL – North Atlantic Drilling Ltd. third quarter 2016 results” on November 22, 2016, also Marketwatch.com published article titled: “North Atlantic Drilling Ltd.”, Seekingalpha.com published: “North Atlantic Drilling – Amends Its Agreement With Jurong Shipyard For The …” on October 05, 2016. More interesting news about North Atlantic Drilling Ltd. (NYSE:NADL) was released by: Seekingalpha.com and their article: “North Atlantic Drilling’s (NADL) CEO Alf Ragnar Lovdal on Q2 2016 Results …” with publication date: August 25, 2016.

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