David D. Harrison Sells 1,784 Shares of NOV Inc. Stock

NOV Stock  USD 16.61  0.21  1.28%   
Slightly above 58% of NOV's investor base is looking to short. The analysis of overall sentiment of trading NOV Inc stock suggests that many investors are alarmed at this time. NOV's investing sentiment can be driven by a variety of factors including economic data, NOV's earnings reports, geopolitical events, and overall market trends.
  
NOV Inc. Director David D. Harrison sold 1,784 shares of the stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of 16.10, for a total transaction of 28,722.40. Following the completion of the transaction, the director now directly owns 110,951 shares of the

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NOV Inc Current Investor Sentiment

Panic Vs Confidence

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Panic
 
Confidence
Today, several news technology companies offer sentiment data to assist traders in manufacturing news sentiment indicators for investment decisions. We partner with these technology firms in helping retail investors build forecasting models that use NOV's input sentiment indicators derived from textual data and news published on major financial information outlets and social sites. These indicators can be used to analyze time-dependent numerical information representing public perception toward NOV Inc.

NOV Investor Sentiment by Other News Outlets

Investor sentiment, mood or attitude towards NOV can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.

NOV Inc Historical Investor Sentiment

Investor biases related to NOV's public news can be used to forecast risks associated with an investment in NOV. The trend in average sentiment can be used to explain how an investor holding NOV can time the market purely based on public headlines and social activities around NOV Inc. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
NOV's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for NOV and other traded tickers. The bigger the bubble, the more accurate the estimated score. Higher bars for a given day show more participation in the average NOV news discussions. The higher the estimate score, the more favorable the investor's outlook on NOV.

NOV Fundamental Analysis

We analyze NOV's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of NOV using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of NOV based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Working Capital

Working Capital Comparative Analysis

NOV is currently under evaluation in working capital category among its peers. Working Capital is a measure of company efficiency and operating liquidity. The working capital is usually calculated by subtracting Current Liabilities from Current Assets. It is an important indicator of the firm ability to continue its normal operations without additional debt obligations. .

NOV Inc Potential Pair-trading

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with NOV stock to make a market-neutral strategy. Peer analysis of NOV could also be used in its relative valuation, which is a method of valuing NOV by comparing valuation metrics with similar companies.

Peers

NOV Related Equities

OISOil States   5.15   
0%
100.0%
RESRPC   4.55   
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88.0%
OIIOceaneering International   4.23   
0%
82.0%
FTITechnipFMC PLC   2.70   
0%
52.0%
VTOLBristow   0.79   
0%
15.0%
WHDCactus   0.79   
0%
15.0%
RNGRRanger Energy   0.78   
0%
15.0%
WFRDWeatherford International   0.60   
0%
11.0%
SLBSchlumberger   0.39   
0%
7.0%
HALHalliburton   0.22   
0%
4.0%
CHXChampionX   0.13   
2.0%
0%
MRCMRC Global   0.50   
9.0%
0%
HLXHelix Energy   1.50   
29.0%
0%

Additional Tools for NOV Stock Analysis

When running NOV's price analysis, check to measure NOV's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy NOV is operating at the current time. Most of NOV's value examination focuses on studying past and present price action to predict the probability of NOV's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NOV's price. Additionally, you may evaluate how the addition of NOV to your portfolios can decrease your overall portfolio volatility.