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home / news releases / PACD - Pacific Drilling: Recent Jump Is A Dead Cat Bounce

PACD - Pacific Drilling: Recent Jump Is A Dead Cat Bounce

Pacific Drilling S.A.
  • Pacific Drilling announced that it chose not to make interest payments on its debt.
  • The stock rallied, gaining more than 50% at one point.
  • Such things happen in pre-bankruptcy stocks, and Pacific Drilling shareholders are still set for a wipeout in the upcoming restructuring.

For further details see:

Pacific Drilling: Recent Jump Is A Dead Cat Bounce
Stock Information
Company Name: Pacific Drilling S.A.
Stock Symbol: PACD
Market: NYSE
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