Reported 2 days ago
This week, Drilling Tools International Corporation (DTI) faced a significant stock decline of 30.66% due to mixed Q4 2024 results, fears of a global trade war, and falling oil prices. A slow economic outlook increased concerns over reduced oil exploration, contributing to its downturn. Additionally, OPEC+'s decision to increase oil output and JP Morgan's raised recession risk forecasts further pressured energy stocks like DTI, which now ranks second among the hardest-hit energy stocks this week.
Source: YAHOO