Newpark Resources Falls 5% (NR)

Shares of Newpark Resources NR are falling hard this morning, currently off by 5.18%, trading at $5.68. The stock had been moving higher for the past two months, following a sharp slide in late-October, but is giving back the majority of those gains today. Shares tagged the 50-day moving average January 3rd and have been seeing selling pressure ever since. Newpark Resources has 7.97% short interest. Newpark Resources, Inc. is a diversified oil and gas industry supplier. The company operates in three business segments: Fluids Systems and Engineering, Mats and Integrated Services, and Environmental Services.