TDW - Quintin Kneen Executes Sell Order: Offloads $38.51M In Tidewater Stock | Benzinga
Making a noteworthy insider sell on June 14, Quintin Kneen, Director at Tidewater (NYSE:TDW), is reported in the latest SEC filing.
What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Friday showed that Kneen sold 367,094 shares of Tidewater. The total transaction amounted to $38,512,312.
The latest market snapshot at Friday morning reveals Tidewater shares down by 1.04%, trading at $102.96.
About Tidewater
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's Economic Impact: An Analysis
Revenue Growth: Tidewater's revenue growth over a period of 3 months has been noteworthy. As of 31 March, 2024, the company achieved a revenue growth rate of approximately 66.32%. This indicates a ...