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The real reason why Valaris plc (VAL) sank -3.29% today

Valaris plc (NYSE:VAL) is among the top losers of the stock market today, sinking -3.29% or (-0.19 points) to $5.59 from its previous close of $5.78. Does this decline mean it the best stock to buy right now? The shares seem to have an active trading volume day with a reported 529233 contracts so far this session. VAL shares had a relatively better volume day versus average trading capacity of 5.97 million shares, but with a 0.2 billion float and a 8.24% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for VAL stock indicates that the average analyst price target is $8.07 per share.

findanews.com     Dec 21, 2019