Ocean Rig UDW LLC (NASDAQ:ORIG) shares are moving lower ahead of the market open, gapping down -7.54% as the stock currently sits at $0.20 before the bell.
There are many factors that may influence stock price action. One of the most influential factors is company earnings. Company earnings reports can be extremely important for investors. Earnings reports have the ability to let investors know how well or poorly a company has been performing. Investors may try to capitalize on trading around earnings announcements. This can be a very tricky venture and may be quite risky. Studying stock price movements around earnings reports can sometimes be confusing. Often times a company will post better than expected numbers but the stock will drop in price. On the other side, shares may see a bounce even after disappointing results. Analysts try to project what numbers the company will post, but they may not be accurate for a variety of reasons. Following analyst estimates around earnings reports may be helpful, but it may be wise to proceed with caution if only going on what the analysts are saying.
Ocean Rig UDW LLC (NASDAQ:ORIG)’s performance this year to date is -87.57%. The stock has performed 73.87% over the last seven days, 15.67% over the last thirty, and -11.61% over the last three months. Over the last six months, Ocean Rig UDW LLC’s stock has been -87.71% and -91.48% for the year.
Ocean Rig UDW LLC’s 20-Day Simple Moving Average is 26.79%. Extending back, their 50-Day Simple Moving Average is 4.84%, looking even further back, their 200-Day Simple Moving Average stands at -76.78%.
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