On June 20, 2017, Nabors Industries’ (NBR) implied volatility was 61.0% compared to 47.0% when it announced its 1Q17 financial results on April 26, 2017. NBR makes up 0.01% of the iShares Dow Jones US (IYY). IYY has risen 3.0% since April 26, 2017, compared to a ~30.0% fall in NBR stock for the same period.
Forecast for Nabors Industries
Considering Nabors Industries’ implied volatility and assuming a normal distribution of stock prices and one standard deviation probability of 68.2%, NBR stock will likely close between $8.63 and $7.29 in the next seven days. The stock was trading at $7.96 on June 20, 2017.