Mississauga, ON -- (SBWIRE) -- 06/13/2017 -- AllPennyStocks.com Media, Inc. (http://www.AllPennyStocks.com/) announces its latest article titled "Tidewater Rises Above 50 Day Moving Average on Q4 Earnings."
Companies mentioned in this article include Tidewater, Inc. (NYSE:TDW).
It's been a long ride down for shareholders of Tidewater, Inc. (NYSE:TDW) from over $52 a share in July 2014 to a low of 66 cents last month. The stock is getting a reprieve from the beat down on Tuesday to actually make it one of the top performing NYSE-listed companies at the lunch hour. In fact, shares of TDW look positioned to close over their 50 day moving average for the first time since January 11.
Three weeks ago, Tidewater disclosed filing voluntary petitions seeking relief and reorganization under Chapter 11 bankruptcy rules. With the bankruptcy in motion, the provider of larger Offshore Service Vessels to the global energy industry said it will not be hosting a shareholder call discussing the fiscal year ended March 31, 2017.
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