TDW - Insider Transaction: Samuel Rubio Sells $1.60M Worth Of Tidewater Shares | Benzinga
It was reported on March 7, that Samuel Rubio, EVP at Tidewater (NYSE:TDW) executed a significant insider sell, according to an SEC filing.
What Happened: A Form 4 filing with the U.S. Securities and Exchange Commission on Thursday outlined that Rubio executed a sale of 19,641 shares of Tidewater with a total value of $1,597,991.
As of Friday morning, Tidewater shares are up by 1.64%, currently priced at $81.0.
Delving into Tidewater's Background
Tidewater Inc provides offshore service vessels and marine support services to the offshore energy industry through the operation of a diversified fleet of marine service vessels. The company's vessels and associated vessel services provide support for all phases of offshore exploration, field development, and production. These services include towing of, and anchor handling for, mobile offshore drilling units; transporting supplies and remotely operated vehicle operations, and a variety of specialized services. The company operates in the following principal geographical areas the Americas, Asia Pacific, Middle East, Europe/Mediterranean, and West Africa. The majority of its revenue is derived from West Africa.
Tidewater: Delving into Financials
Revenue Growth: Tidewater's remarkable performance in 3 months is evident. As of 31 December, 2023, the company achieved an ...