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Checking Out NOW’s Stock Performance

Alex Chamberlin
Checking Out NOW’s Stock Performance

On May 23, NOW (DNOW) had returned -17.6% over the last year. Meanwhile, the Energy Select Sector SPDR ETF (XLE), which tracks an index of S&P 500 energy companies, had returned 15%, and the VanEck Vectors Oil Services ETF (OIH), which tracks an index of 25 oilfield equipment and service companies, had returned 4.2%, outperforming DNOW. DNOW also underperformed the SPDR S&P 500 ETF (SPY), which had returned 13.6%. Crude oil prices and rigs