RPC, Inc. (RES) continued its downward trend with the stock declining -1.01% or $-0.22 to close the day at $21.5 on higher than average trading volume of 1.82M shares, compared to its three month average trading volume of 1.72M. The Atlanta Georgia 30329 based company has been outperforming the oil & gas equipment & services companies by 24.6819% for last three months and its recent gains have pushed the stock slightly up 8.53% YTD, versus the oil & gas equipment & services industry which is up 0.1% for the same period. The RSI of 50.21 indicates the stock is neither overvalued nor undervalued at the current levels, hold for now.
RPC, Inc. provides a range of oilfield services and equipment for oil and gas companies involved in the exploration, production, and development of oil and gas properties in the United States, Africa, Canada, Argentina, China, Mexico, Eastern Europe, Latin America, the Middle East, and New Zealand. The company operates in two segments, Technical Services and Support Services. The Technical Services segment offers pressure pumping, coiled tubing, snubbing, nitrogen pumping, well control consulting and firefighting, downhole tools, wireline, fishing, and fluid pumping services that are used in the completion, production, and maintenance of oil and gas wells. The Support Services segment provides a range of rental tools, including blowout preventors, high pressure manifolds and valves, Hevi-wate drill pipes, tubing products, production related rental tools, pumps, diverters, drill pipes, drill collars, handling tools, Coflexip hoses, and Wear Knot drill pipes that are used for onshore and offshore oil and gas well drilling, completion, and workover activities. It also offers oilfield pipe inspection, and pipe management and storage services; and oilfield training services. RPC, Inc. was founded in 1984 and is headquartered in Atlanta, Georgia.
Avis Budget Group, Inc. (CAR) had a active trading with around 1.81M shares changing hands compared to its three month average trading volume of 1.48M. The stock traded between $37.22 and $38.07 before closing at the price of $37.56 with -0.19% change on the day. The Parsippany New Jersey 07054 based company is currently trading 72.85% above its 52 week low of $21.73 and -9.56% below its 52 week high of $41.53. Both the RSI indicator and target price of 51.12 and $43.75 respectively, lead us to believe that it should be put on hold over the coming weeks.
Avis Budget Group, Inc., together with its subsidiaries, provides car and truck rentals, car sharing, and ancillary services to businesses and consumers worldwide. The company operates through Americas and International segments. It operates the Avis car rental system with approximately 5,550 locations that supply rental cars to the premium commercial and leisure segments of the travel industry; the Budget vehicle rental system with approximately 3,900 car rental locations, which serve the value-conscious segments of the industry; and Zipcar, a membership-based car sharing network that provides vehicles to approximately 1 million members. The company also operates the Payless brand, which comprises approximately 200 vehicle rental locations; Apex brand primarily in the deep-value segment of the car rental industry with approximately 20 rental locations; and the Maggiore brand that provides vehicle rental services in the commercial, leisure, and insurance replacement/leasing segments with approximately 100 rental locations in Italy. In addition, it is involved in the local and one-way truck rental businesses with a fleet of approximately 21,000 vehicles, which are rented through a network of approximately 1,000 dealers and 450 company-operated locations that serve the consumer and light commercial sectors in the continental United States. Further, the company provides a range of optional insurance products and coverages, such as supplemental liability insurance, personal accident insurance, personal effects protection, automobile towing protection, and cargo insurance. Avis Budget Group, Inc. was founded in 1946 and is headquartered in Parsippany, New Jersey.
Pulmatrix, Inc. (PULM) traded within a range of $4.27 to $4.65 after opening the day at $4.65. The company has seen its stock increase in value by 635.59% so far this year. The stock was down close to -7.26% on light volume in last trading session and closed at $4.34 per share. After the recent fall, the stock is currently holding -37.82% below its 52 week high of $6.98 and 764.54% above its 12-month low of $0.5. The shares are up by over 372.3% in the last three months, and the RSI indicator value of 62.54 is neither bullish nor bearish, tempting investors to stay on the sidelines.
Pulmatrix, Inc., a clinical stage biopharmaceutical company, engages in developing inhaled therapies to address serious pulmonary diseases using its inhaled Small Particles Easily Respirable and Emitted (iSPERSE) technology. The company’s proprietary product pipeline focuses on advancing treatments for rare diseases, including PUR1900, an inhaled anti-fungal for patients with cystic fibrosis, as well as PUR1500, an inhaled product for the treatment of idiopathic pulmonary fibrosis. It is also developing PUR0200, a branded generic in clinical development for chronic obstructive pulmonary disease. The company has collaboration with Capsugel to develop inhaled therapeutics to treat serious pulmonary diseases. Pulmatrix, Inc. was founded in 2003 and is headquartered in Lexington, Massachusetts.