A 9-Day Winning Streak Has NOV Stock Up 10%
A long winning streak for this energy equipment supplier prompts a closer look at the price versus the underlying business.
A nine-day run higher in NOV (NOV) stock has added about $686 million to the company’s market value. The stock has now moved higher for 9 consecutive trading days, a cumulative gain of 10.3% over the period.
NOV Inc. designs, constructs, manufactures, and sells systems, components, and products for oil and gas drilling and production.
NOV Versus The S&P 500, Streak And Beyond
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Here is how NOV stock stacks up against the S&P 500 over the streak and the periods around it:
| Return Period | NOV | S&P 500 |
|---|---|---|
| 1D | 0.7% | -0.1% |
| 9D (Current Streak) | 10.3% | -0.6% |
| 1M (21D) | 8.8% | 0.4% |
| 3M (63D) | 4.7% | 6.2% |
| YTD 2026 | 31.9% | 9.5% |
| 2025 | 11.3% | 16.4% |
| 2024 | -26.8% | 23.3% |
| 2023 | -1.8% | 24.2% |
The stock’s recent run has outpaced its fundamentals.
NOV trades at a price-to-earnings multiple of 80.6, well above the S&P 500 median of 24.4. This valuation comes as its revenue over the last twelve months declined 1.4%, compared to the S&P 500 median revenue growth of 7.6%. The company’s operating margin is 5.3%, while the median for the index is 18.4%.
This move is specific to the stock. Over the same 9 trading days the S&P 500 returned -0.6%. For context, 41 S&P 500 stocks are currently on winning streaks of 3 days or more, while 87 are on losing streaks.
A streak is a signal to check the math, not to chase the tape.
A persistent move in one direction is information. It tells you where the market’s attention and momentum are flowing, but it is not an instruction to follow. The disciplined approach is to treat the new price as a new question: does the business itself justify this valuation?
The data on growth, margins, and valuation multiples offers a starting point for that assessment. A streak invites you to weigh the evidence behind the tape.
A run like this is worth respecting, and worth testing: the momentum that lasts is usually the kind management itself is underwriting. Our Guidance Momentum screen tracks the stocks whose companies just raised their own forward numbers.
Prefer the theme to this single name? An energy AlphaDEX ETF like FXN owns the whole group. That way no single company’s next surprise decides the outcome.
Winning Streaks Are How Portfolios Get Concentrated
A stock that rises day after day quietly becomes a bigger share of the portfolio holding it. How much damage any single position could do to your net worth is a question with a precise answer. The Trefis Wealth team computes it for investors professionally, with the same rules-based systematic discipline that runs our High Quality Portfolio. Request a free vulnerability audit of your biggest positions.