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Insider Transactions
| Name | Transaction Date | Sold / Bought | Shares | Price | Value |
|---|---|---|---|---|---|
| Gillard Matthew | Jun 18, 2024 | Sell | 60,000 | $9.87 | $590,000 |
| Drummond Robert Wayne Jr | May 20, 2024 | Sell | 150,000 | $11.55 | $1.7M |
| Drummond Robert Wayne Jr | Mar 1, 2024 | Sell | 65,344 | $11.76 | $770,000 |
| Drummond Robert Wayne Jr | Feb 29, 2024 | Sell | 187,916 | $11.73 | $2.2M |
| CEPAK TIFFANY THOM | Dec 1, 2023 | Sell | 15,000 | $11.78 | $180,000 |
| Smith Charles Andrew | Sep 27, 2023 | Sell | 10,000 | $15.1 | $150,000 |
| Smith Charles Andrew | Sep 19, 2023 | Sell | 10,000 | $15.9 | $160,000 |
| STEWART JAMES CARL | Sep 14, 2023 | Sell | 62,500 | $15.9 | $990,000 |
| Wexler Seth David | Sep 14, 2023 | Sell | 37,500 | $15.98 | $600,000 |
| Holcomb James Michael | Sep 13, 2023 | Sell | 11,816 | $15.95 | $190,000 |
| Holcomb James Michael | Jul 25, 2023 | Sell | 8,802 | $15.47 | $140,000 |
| Hendricks William Andrew JR | Jul 18, 2023 | Sell | 200,000 | $14.84 | $3M |
| Holcomb James Michael | Jul 18, 2023 | Sell | 5,904 | $14.96 | $88,000 |
| Holcomb James Michael | Jul 17, 2023 | Sell | 10,762 | $14.46 | $160,000 |
| Hendricks William Andrew JR | Jul 13, 2023 | Sell | 100,000 | $14.06 | $1.4M |
What's the latest insider transaction for Patterson-UTI Energy?
The most recent insider transaction for Patterson-UTI Energy was conducted by Gillard Matthew, who sold 60,000 shares on June 18, 2024 at a price of $9.87 per share.
Which insider has sold the most PTEN stock over the last two years?
Drummond Robert Wayne Jr has sold the most PTEN stock in the last 2 years, with a total value of $4.7M.
What is the total value of insider transactions for Patterson-UTI Energy (PTEN) in the last 2 years?
The total value of insider transactions for Patterson-UTI Energy in the last 2 years is negative, amounting to -$12M. This suggests that insiders have predominantly sold shares, which could reflect various personal or financial considerations rather than a straightforward outlook on the company's future performance.
How do insider transactions over the last 2 years reflect on Patterson-UTI Energy's market confidence?
Over the last 2 years, insider transactions for Patterson-UTI Energy have largely consisted of selling shares, which could suggest various personal or financial motivations among insiders. The higher number of sales might require investors to investigate further, considering insiders might have insights or reasons not immediately apparent to the public.
Why is monitoring insider trading activity important for investors?
Monitoring insider trading activity is important because it provides insights into the confidence levels of a company's insiders, such as executives and directors, regarding the company's future prospects. Insider buying can signal optimism, suggesting the stock may be undervalued, while insider selling might raise questions about the stock's upcoming performance. However, it's essential to consider that sales can also occur for personal financial reasons. Insider trading activity is a valuable indicator that, when combined with other data, can help inform investment decisions.
