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Why Borr Drilling Stock Is Plunging Today

·2-min read
Why Borr Drilling Stock Is Plunging Today
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Shares of Borr Drilling (NYSE: BORR) slumped by as much as 13.6% on Wednesday morning, and were still down by about 8.7% as of 11:51 a.m. EST. Weighing on the oil stock was a Norwegian newspaper report that two of its creditors were discussing potential alternative plans. In late December, Borr Drilling updated investors on its plans, stating that it was actively working with creditors to shore up its liquidity.

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