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About
History
Competitors
About
History
Competitors
NOW Inc. (DNOW.US) is an American company specializing in the distribution of energy and industrial products. With a market capitalization of $1.24 billion as of August 2, 2023, it serves as a crucial link between manufacturers and end-users in the energy, manufacturing, and construction sectors. The company provides a diverse range of products, including pipes, valves, fittings, and other industrial equipment.
It was established in 2014 as a spin-off from National Oilwell Varco (NOV). The company operates through its subsidiary DistributionNOW, and its efficient supply chain and broad product offerings have enabled it to establish a strong presence in the global energy and industrial markets. It went public in 2014, and since then, it has continued to provide essential products and solutions to support the energy and industrial sectors.
During the last five years, NOW Inc stock reached its highest price of $18.560 on August 3, 2018, and the lowest price of $4.030 in August 2020, marking the lowest point in its price history since its launch.
When it comes to trading strategies, investors and traders in NOW Inc need to carefully analyse the stock. One popular trading strategy is "buy low, sell high." This involves buying shares when the stock price is low and selling when it's high. This is recommended when the stock is expected to appreciate in value. Another trading strategy is short selling, which is selling shares to buy them back later at a lower price. This is recommended when the stock is expected to depreciate in value.
To help traders and investors analyse this stock, they may use tools and indicators such as moving averages, which help traders identify trends. Conducting this analysis may help one make informed trading decisions.
When considering trading NOW Inc stock, it is important to also look at its competitors in the market. These competitors could impact the performance of the company, making it crucial to understand the market as a whole. They include:
- Costco Wholesale (COST.US): Costco Wholesale is one of the largest retailers globally and is known for its membership warehouses. The company provides a wide range of merchandise, including groceries, electronics, furniture, and home appliances.
- Home Depot (HD.US): Home Depot is a home improvement retailer that offers various products such as building materials, appliances, garden supplies, and many other home improvement necessities.
- Lowes Companies (LOW.US): Lowes Companies is another home improvement retailer, offering products such as building materials, hardware, electrical, and plumbing supplies.
By analyzing the competition, traders and investors may make well-informed decisions about trading NOW Inc stock.
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* The spreads provided are a reflection of the time-weighted average. Though Skilling attempts to provide competitive spreads during all trading hours, clients should note that these may vary and are susceptible to underlying market conditions. The above is provided for indicative purposes only. Clients are advised to check important news announcements on our Economic Calendar, which may result in the widening of spreads, amongst other instances.
The above spreads are applicable under normal trading conditions. Skilling has the right to amend the above spreads according to market conditions as per the 'Terms and Conditions'.
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Why Trade [[data.name]]
Make the most of price fluctuations - no matter what direction the price swings and without capital restrictions that come with buying the underlying asset.
CFDs
Equities
Capitalise on rising prices (go long)
Capitalise on falling prices (go short)
Trade with leverage
Hold larger positions than the cash you have at your disposal
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