Seadrill Ltd (SDRL)

[guchu]

Seadrill Limited (Bermuda) (SDRL) Moves Lower on Volume Spike for January 31

eadrill Limited (Bermuda) (SDRL) traded on unusually high volume on Jan. 31, as the stock lost 29.7% to close at $1.87. On the day, Seadrill Limited (Bermuda) saw 50.25 million shares trade hands on 55,003 trades. Considering that the stock averages only a daily volume of 8.87 million shares a day over the last month, this represents a pretty significant bump in volume over the norm.

Generally speaking, when a stock experiences a sudden spike in trading volume, it may be seen as a bullish signal for investors. An increase in volume means more market awareness for the company, potentially setting up a more meaningful move in stock price. The added volume also provides a level of support and stability for price advances.

https://www.equities.com/news/seadrill-limited-bermuda-sdrl-moves-lower-on-volume-spike-for-january-31