Shares of Baker Hughes Co.
rallied 2.21% to $26.83 Thursday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index
rising 1.71% to 4,438.26 and the Dow Jones Industrial Average
rising 1.56% to 34,912.56. This was the stock's sixth consecutive day of gains. Baker Hughes Co. hit a new 52-week high, surpassing its previous peak of $26.57, which the company reached on May 18th.
The stock demonstrated a mixed performance when compared to some of its competitors Thursday, as Schlumberger Ltd.
rose 2.32% to $33.52, Halliburton Co.
rose 1.27% to $24.80, and NOV Inc.
rose 1.39% to $14.62. Trading volume (8.3 M) eclipsed its 50-day average volume of 8.0 M.