Valaris Stock May Fall Below $1, Here is Why

As the second wave of COVID-19 is coming on the way the lockdown becomes the first choice to survive. Most probably before this fall, the economy will be frozen again for at least two months. Hence, oil and gas will not be in demand and tankers are going to be lined up near the coasts, At the same time prices for those resources will sink. As normal investors will run away letting the stocks dig further.

NYSE: VAL is in potential danger to lose significant points soon. Maybe, the stock will cross $2 line but sudden lockdown could ruthlessly tank it till below $1 or even further. Therefore, stocks that are not related to hurt industries might plunge or stick to lousy growth.

Alex Krakowsky

Editor in Chief. Living in the era of dynamic tech change Alex decided to stay tuned in changes that make any person find comfort and adapt to new devices. Furthermore, gaming became his passion for spending leisure time with his close ones. Although, he has a degree in Business Administration (majoring in Finance) writing for technology and as well as finance has been one of the precious aspects of his life

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