WHD - Cactus President Trades Company's Stock | Benzinga
Revealing a significant insider sell on May 9, Joel Bender, President at Cactus (NYSE:WHD), as per the latest SEC filing.
What Happened: Bender's recent Form 4 filing with the U.S. Securities and Exchange Commission on Thursday unveiled the sale of 600,000 shares of Cactus. The total transaction value is $30,843,161.
The latest update on Friday morning shows Cactus shares up by 1.25%, trading at $51.75.
Unveiling the Story Behind Cactus
Cactus Inc is engaged in the designing, manufacturing, and sale of wellheads and pressure control equipment. Its principal products include Cactus SafeDrill wellhead systems, conventional wellheads, and production valves among others. The company also provides mission-critical field services, including service crews to assist with the installation, maintenance, and safe handling of the wellhead and pressure control equipment, as well as repair services for equipment that it sells or rents. It sells or rents its products principally for onshore unconventional oil and gas wells that are utilized during the drilling, completion (including fracturing), and production. The company has two operating segments; Pressure Control , which generates key revenue and Spoolable Technologies.
Cactus: Delving into Financials
Revenue Growth: Cactus's remarkable performance in 3 months is evident. As of 31 March, 2024, the company achieved an impressive revenue ...