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Saipem (OTCMKTS:SAPMF) Shares Gap Down - Here's What Happened

Saipem logo with Energy background

Key Points

  • Saipem shares experienced a 6.3% decline, opening at $2.64 after closing at $2.83 the previous day.
  • The company operates in energy and infrastructure solutions, focusing on offshore drilling and subsea development.
  • As of now, Saipem's 50-day simple moving average stands at $2.67, while the 200-day average is at $2.43.
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Saipem (OTCMKTS:SAPMF - Get Free Report) gapped down before the market opened on Wednesday . The stock had previously closed at $2.83, but opened at $2.64. Saipem shares last traded at $2.64, with a volume of 1,000 shares changing hands.

Saipem Stock Performance

The stock has a fifty day simple moving average of $2.68 and a 200-day simple moving average of $2.43.

About Saipem

(Get Free Report)

Saipem SpA provides energy and infrastructure solutions worldwide. The company operates through Asset Based Services, Offshore Drilling, and Energy Carriers segments. It offers development of subsea fields and pipelaying; installation and lifting of offshore structures; and engineering, implementation, installation, maintenance, modification, and decommissioning activities.

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