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.
$CHX has 206 followers on Stocktwits.
Weatherford International ($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.
$WFRD has 352 followers on Stocktwits.
DT Midstream ($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.
$DTM has 77 followers on Stocktwits.
The Worst of the Worst
Tritium DCFC ($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.
$DCFC has 5,050 followers on Stocktwits.
GameStop ($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.
$GME has 257,449 followers on Stocktwits.
Teladoc Health ($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.
$TDOC has 39,179 followers on Stocktwits.
52-Week Highs
52-Week Lows
Riley’s Recommendations
Here are a few sweet links curated by Riley…
The Complete History & Strategy of Renaissance Technologies
Three Early Basquiat Paintings to Sell at Philips This Spring
Photoncycle Targets Low-Cost Energy Storage with a Clever Hydrogen Solution
Hahn Lavsen Creates Geometric Guesthouse in Cold Hawaii Sand Dunes
Snøhetta Adds Glass and Glulam Extension to World’s Oldest Ski Museum
Soft Solids Lighting Has Infinitely Recyclable Wax Shades
Populous Unveils Plan to Revamp Horse-Racing Track in New York
Open to Feedback
Do you enjoy the current cadence or wish to receive Trends with No Friends less frequently?
Enjoying Popularity + Price?
