Weatherford Falls Most Ever as Investors Doubt Growth Plans


Weatherford International Plc is having its worst day ever, losing a quarter of its value as investors doubt its goal of generating about $3 billion of free cash flow by the end of 2020.

The world’s fourth-largest oil services firm was down 25.6 percent to $5.57 at 2:07 p.m., after earlier falling 25.8 percent to as low as $5.55 in New York. That marks the biggest intraday drop since shares began trading in January 1990.

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