Noble Corp To Join S&P 500, Shares Up 6.5% (NE)

Shares of Noble Corporation (NYSE: NE) are currently up 6.5% at $38.25 per share during Wednesday afternoon trading.

The rise in the company's stock price was fueled by a decision from Standard & Poor's to add the company to the S&P MidCap 400 index and the S&P 500.

Today's trading range for shares of Noble Corporation has been between $37.38 and $38.38 per share.

The consensus price target of analysts covering the company's stock is $40.72 per share.

Volume of 13.2 million shares is far above the daily average volume of 3.8 million shares.

Noble Corporation (NE) performs, through its subsidiaries, contract drilling services with a fleet of 71 offshore drilling units (including six drilling rigs currently under construction), located worldwide, including in the Middle East, India, the U.S. Gulf of Mexico, Mexico, the Mediterranean, the North Sea, Brazil, West Africa and Asian Pacific.

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