McDermott International Receives Contract Award from Unipetrol
On March 26, McDermott International, Inc. (MDR) announced that the company was awarded a contract from Unipetrol RPA. McDermott will provide engineering, procurement, and construction management services for Unipetrol’s refinery in Litvinov, Czech Republic. The contract includes the full suite of services to upgrade Unipetrol’s hydrocracking unit.
Sonal detected the news event and sent an alert to subscribers at 7:00 am. Regular market trading opened for the day at $7.15. The stock price closed higher on the event day and continued to move higher over the next five trading sessions. McDermott International closed at $8.01 on April 1 for a gain of 12%.
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