WFRD - Insider Unloading: Joseph Mongrain Sells $1.53M Worth Of Weatherford International Shares | Benzinga
A substantial insider sell was reported on December 7, by Joseph Mongrain, EVP & Chief People Officer at Weatherford International (NASDAQ:WFRD), based on the recent SEC filing.
What Happened: According to a Form 4 filing with the U.S. Securities and Exchange Commission on Thursday, Mongrain sold 17,071 shares of Weatherford International. The total transaction value is $1,534,853.
As of Friday morning, Weatherford International shares are up by 1.02%, currently priced at $85.9.
Get to Know Weatherford International Better
Weatherford International provides diversified oilfield services worldwide for an array of oilfield types. The firm is a global market leader in artificial lift and tubular running services. Other key product lines include cementing products, directional drilling, and wireline evaluation.
Financial Milestones: Weatherford International's Journey
Revenue Growth: Weatherford International displayed positive results in 3 months. As of 30 September, 2023, the company achieved a solid revenue growth rate of approximately 17.23%. This indicates a notable increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Energy sector.
Analyzing Profitability Metrics:
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Gross Margin: The company sets ...