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September 27th Options Now Available For Nabors Industries (NBR)
Monday, August 12, 10:59 AM ET, by Market News Video Staff

Investors in Nabors Industries Ltd (NBR) saw new options begin trading today, for the September ...

Will Insiders Be Tempted To Buy More NBR At The New 52-Week Low?
Thursday, August 15, 1:25 PM ET, by Market News Video Staff

In trading on Thursday, shares of Nabors Industries Ltd (NBR) touched a new 52-week low ...

Implied PRF Analyst Target Price: $130
Tuesday, August 20, 9:35 AM ET, by Market News Video Staff

Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, ...

October 11th Options Now Available For Nabors Industries (NBR)
Tuesday, September 3, 10:43 AM ET, by Market News Video Staff

Investors in Nabors Industries Ltd (NBR) saw new options begin trading today, for the October ...

Ex-Div Reminder for Nabors Industries (NBR)
Friday, September 6, 10:09 AM ET, by Market News Video Staff

On 9/10/19, Nabors Industries Ltd (NBR) will trade ex-dividend, for its quarterly dividend of $0.01, ...

Will Insiders Be Tempted To Buy More NBR At The New 52-Week Low?

By Market News Video Staff, Thursday, August 15, 1:25 PM ET
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In trading on Thursday, shares of Nabors Industries Ltd (NYSE:NBR) touched a new 52-week low of $1.81/share. That's a $4.84 share price drop, or -72.78% decline from the 52-week high of $6.65 set back on 10/09/2018. Large percentage drops always require that the stock post even larger percentage gains from the low in order to recover the old price point, and for NBR that means the stock would have to gain 267.40% to get back to the 52-week high. For a move like that, Nabors Industries Ltd would need fundamental strength at the business level.

Here's a rhetorical question: Who knows more about fundamentals at the business level than the company's own insiders? So let's take a look to see whether any company insiders were taking the other side of the trade as NBR shares were being sold down to this new 52-week low, focusing on the most recent trailing six month period. As summarized by the table below, NBR has seen 2 different instances of insiders buying over the past six months.

Purchased Insider Title Shares Price/Share Value
06/14/2019 William J. Restrepo Chief Financial Officer 177,100 $2.03 $359,064.71
08/08/2019 Tanya S. Beder Director 50,000 $2.31 $115,695.00

In the short run, while the new 52-week low suggests the stock is at the cheapest price and perhaps therefore the best bargain it has been over the last 52 weeks, the low print also means anyone who has purchased the stock over that timeframe is staring at an unrealized loss. Oftentimes, that factor drives a stock's technical analysis metrics by creating overhead resistance, with investors who bought higher now anxious to reverse their trade once they are back to breakeven. The chart below shows where NBR has traded over the past year, with the 50-day and 200-day moving averages included.

Nabors Industries Ltd Moving Averages Chart

Time will tell whether the insider purchases foretell a future rebound for NBR shares, which are presently showing a last trade of $1.82/share, slightly above the new 52-week low.


This Article's Word Cloud:   Bargains   Beder   Cheaper   Chief   Director   Financial   Here   Industries   Insider   Insiders   Large   NYSE   Nabors   Officer   Oftentimes   Price   Purchased   Restrepo   Share   Shares   Start   Tanya   Than   That   Thursday   Time   back   below   business   company   from   high   insiders   last   level   means   over   past   percentage   price   share   shares   stock   that   trade   week   were   whether   with   would
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