Noble (NE) Shares Fall Nearly 4%

Shares of Noble Corporation

closed Monday trading down 3.61% at $31.25 per share. Volume of nearly 7.4 million shares was 1.44 times higher than the daily average volume of 5.1 million shares. Shares of Noble Corporation traded between $31.19 and $32.44 per share during the trading day. J.P. Morgan analysts J. David Anderson, Adam Aron and Samantha Hoh lowered the price target of Noble Corporation to $42 per share, down from the previous price target of $49. The analysts said that Noble Corporation was one of the cheapest stocks in the group they followed but that the discount was warranted.