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- Weatherford Walzed To An ATH
Happy Tuesday.
Every major index closed lower. For what it’s worth, the Nasdaq Composite finished just off its HOD.
Energy surged +1.40%. $XLE has posted a positive return 15 of the last 19 sessions.
Real estate, consumer discretionary and healthcare all lost more than -1%.
New 52-Week Highs led New Lows — 93 vs. 31.
The Best of the Best
ChampionX ($CHX) is the best of the best. The chemical company carried +10.40% on news that Schlumberger agreed to acquire $CHX.
Here’s the daily chart.
And weekly chart.
Weatherford International ($WFRD) is a notable new high. The oilfield equipment company flew +4.17% and closed at an all-time high.
Here’s the daily chart.
And weekly chart.
DT Midstream ($DTM) is a notable new high. The natural gas company gained +2.71% and closed at an all-time high.
Here’s the daily chart.
And weekly chart.
The Worst of the Worst
Tritium DCFC ($GME) is the worst of the worst. The Australian EV parts producer plummeted -22.02% and closed at an all-time low.
Today, the company finalized its 200-1 reverse stock split.
Here’s the disastrous daily chart.
And weak weekly chart.
GameStop ($GME) is a notable new low. The memestock stumbled another -5.92% and closed at its lowest price since February 23, 2021.
Here’s the daily chart.
And meme-worthy monthly chart.
Teladoc Health ($TDOC) is a notable new low. The telehealth company tumbled -3.50% and closed at its lowest price since June 2016.
Here’s the disastrous chart.
And monthly chart.
52-Week Highs
52-Week Lows
Riley’s Recommendations
Here are a few sweet links curated by Riley…
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