Diamond Offshore Drilling breaking above the 50

by Josh Diamond Offshore Drilling Inc. ($DO) was last at $64.63 on a volume of 1,087,050 shares. Shares are testing the 50 day simple moving average which is currently at $64.16.

Share are perking up after retesting the April low around $62. Shares are trading along the upper edge of the price envelope on average volume today.

52 Week Range $61.63-$76.85 Market Cap 8,985,861,004 Average Volume 955,228 Dividend Yield 0.79% Institutional Ownership 0.00% Insider Ownership: 0.00% Percentage of Float Short 6.40% Beta 1.07

Diamond Offshore Drilling, Inc. is a global offshore oil and gas drilling contractor. Its fleet offers a range of services worldwide in various markets, including the deep water, harsh environment, conventional semisubmersible and jack-up markets.

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