The global pandemic of COVID-19 has caused immense effects on almost everything. From huge employment opportunities to stock prices, the novel coronavirus clasped everything in its fist and bore huge losses. In just a few weeks, the virus wiped off around a third of the global market cap. The only comfort for the investors was the fact that the other markets fell even worse than the share market.
The pandemic shook the confidence of investors bearing huge losses. Not just the pandemic, the crude oil war between Russia and Saudi Arabia made the matter worse. This infused volatility in other assets as well. The equity and debt markets, commodities, and currency markets, all were in turmoil. Big investment decisions suddenly came to a halt.
Yet, NYSE: BORR won the battle against this lethal virus. Read on to know more about this stock that saved a lot of investors at such a hard time by garnering profit.
Details about BORR company
Borr Drilling Limited takes up drilling services for the oil and gas production and exploration industries. This provision mainly operates and acquires the drilling assets. It was founded in 2016 and the headquarters are located in Oslo, Norway. The current price is $0.97. The 52-week high price was $10.12 while the low was around $0.24. Comparing with other stocks that went in loss, these are the pretty negotiable choice that investors can make today. The NYSE: BORR at https://www.webull.com/quote/nyse-borr has an average volume of 2,822,425 with a market cap of about 106.49M.
BORR stock summary
- BORR’s has recently got public (around 0.95 years ago) and it is older than just 0.07% of the other major US stocks.
- BORR is more volatile in its share price than around 98.62% of the other stocks.
- The stakeholder deal is the capital that returns to the stockholders in the form of dividends or buybacks. BORR’s stakeholder deal lies at around -383.44%.
Impact of COVID-19 on Borr
On March 11th, 2020, the novel coronavirus reached the status of a pandemic as informed by the WHO (World Health Organization). The stocks of borr were trading at $0.84 that day. After that, unlike other stocks that bore huge losses, BORR astoundingly boomed up to 13.1%. It was a huge relief for investors. Also, it reinstates that it is reliable enough for people to invest in NYSE: BORR stocks in the future as well.
The stock market is always painted with uncertainty. There is a chance you would win and a chance you could lose too. Yet, investing surplus after thoroughly thinking before making the decision is highly likely to pay off.You can get more stock news from trade desk stock. Disclaimer: The analysis information is for reference only and does not constitute an investment recommendation.