Weatherford International's Stock Continues Its Wild Ride, Plunging 30% [The Motley Fool]
WEATHERFORD INTL (WFT)
Last weatherford intl earnings: 2/1 06:50 am
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US:NYSE Investor Relations:
weatherford.com/en/investor-relations
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Source: The Motley Fool
Here we go again... Tyler Crowe ( TMFDirtyBird ) Jan 2, 2019 at 2:58PM What happened Shares of oil services giant Weatherford International ( NYSE:WFT ) are down 30.2% as of 2 p.m. EST today. While there has been no particular news pertaining specifically to the company, today is just another day for a stock that has repeatedly posted price swings of 20% or more over the past few weeks . The company's stock has declined more than 90% this past year alone and is now in penny stock territory . So what It's strange that one of the 10 largest oil equipment and services companies in the world with $5.8 billion in annual revenue has become penny stock fodder. The issue that has landed Weatherford in this place has been years of mismanagement. For much of this decade, the company has gone through numerous iterations of corporate restructu
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