Seadrill Limited (SDRL) Plunges 19.4%

Seadrill Limited (SDRL) Plunges 19.4%

Seadrill Limited (SDRL) had a rough trading day for Thursday November 21 as shares tumbled 19.4%, or a loss of $-0.2367 per share, to close at $0.98. After opening the day at $1.18, shares of Seadrill Limited traded as high as $1.18 and as low as $0.91. Volume was 5.09 million shares over 10,480 trades, against an average daily volume of n/a shares and a total float of 100 million.

As a result of the decline, Seadrill Limited now has a market cap of $98.33 million. In the last year, shares of Seadrill Limited have traded between a range of $15.30 and $1.22, and its 50-day SMA is currently $n/a and 200-day SMA is $n/a.

Seadrill Ltd provides drilling and well services to the offshore industry. The company has three reportable segments. Floaters segment encompasses drilling, completion and maintenance of offshore exploration and production wells. Its Jack-up rigs segment relate to operations in harsh and benign environments. Others segment include management services to third parties and related parties. It generates maximum revenue from the Floaters segment. geographically, it derives majority revenue from Norway and also has a presence in Nigeria, Brazil, Saudi Arabia, United States, Angola, and Other countries.

Seadrill Limited is based out of Hamilton, and has some 4,888 employees. Its CEO is Anton Dibowitz.

Seadrill Limited is a component of the Russell 2000. The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It’s maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.

Russell’s indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It’s a simple approach that gives a broad, unbiased look at the small-cap market as a whole.

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