Days-to-cover ratio for PTEN surges to 4.12 due to rise in short interest

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Patterson-UTI Energy Inc shares valued at $768,445 were sold by Drummond Robert Wayne Jr on Mar 01 ’24. At $11.76 per share, Drummond Robert Wayne Jr sold 65,344 shares. The insider’s holdings dropped to 2,407,895 shares worth […]

Analyzing Patterson-UTI Energy Inc (PTEN) After Recent Trading Activity

Patterson-UTI Energy Inc’s recent filing unveils that its Director Drummond Robert Wayne Jr unloaded Company’s shares for reported $0.77 million on Mar 01 ’24. In the deal valued at $11.76 per share,65,344 shares were sold. As a result of this transaction, Drummond Robert Wayne Jr now holds 2,407,895 shares worth roughly $29.18 million. Then, Drummond […]

Rise in PTEN’s short interest indicates Bearish sentiment

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Patterson-UTI Energy Inc shares valued at $768,445 were sold by Drummond Robert Wayne Jr on Mar 01 ’24. At $11.76 per share, Drummond Robert Wayne Jr sold 65,344 shares. The insider’s holdings dropped to […]

The Benchmark Company downgrades Patterson-UTI Energy Inc (PTEN) stock to a Hold

Patterson-UTI Energy Inc’s filing revealed that its Director Drummond Robert Wayne Jr unloaded Company’s shares for reported $0.77 million on Mar 01 ’24. In the deal valued at $11.76 per share,65,344 shares were sold. As a result of this transaction, Drummond Robert Wayne Jr now holds 2,407,895 shares worth roughly $28.29 million. Then, Drummond Robert […]

Patterson-UTI Energy Inc (PTEN) may enjoy gains as insiders got busy in the recent days

Patterson-UTI Energy Inc’s filing revealed that its Director Drummond Robert Wayne Jr unloaded Company’s shares for reported $0.77 million on Mar 01 ’24. In the deal valued at $11.76 per share,65,344 shares were sold. As a result of this transaction, Drummond Robert Wayne Jr now holds 2,407,895 shares worth roughly $28.15 million. Then, Drummond Robert […]