Tidewater Inc. (TDW) had a good day on the market for Monday November 25 as shares jumped 5.52% to close at $14.72. About 138,369 shares traded hands on 1,953 trades for the day, compared with an average daily volume of n/a shares out of a total float of 39.23 million. After opening the trading day at $14.00, shares of Tidewater Inc. stayed within a range of $14.80 to $14.00.
With today’s gains, Tidewater Inc. now has a market cap of $577.48 million. Shares of Tidewater Inc. have been trading within a range of $25.47 and $13.23 over the last year, and it had a 50-day SMA of $n/a and a 200-day SMA of $n/a.
Tidewater Inc provides offshore service vessels and marine support services to the global offshore energy industry through the operation of a diversified fleet of marine service vessels. The company’s vessels and associated vessel services provide support for all phases of offshore exploration, field development, and production. These services include towing of, and anchor handling for, mobile offshore drilling units; transporting supplies and remotely operated vehicle operations and a variety of specialized services. The company operates in the following principal geographical areas are Americas, Asia Pacific, Middle East, and Africa/Europe. The majority of its revenue is derived from the Americas.
Tidewater Inc. is based out of Houston, TX and has some 5,500 employees. Its CEO is Quintin V. Kneen.
Tidewater Inc. is also a component of the Russell 2000. The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It’s maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.
Russell’s indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It’s a simple approach that gives a broad, unbiased look at the small-cap market as a whole.
