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Why a $27 Million Buy Signals New Confidence in Weatherford Stock
The Motley Fool· 2025-12-10 04:30
One global services provider just landed a long list of new contracts — and a major fund has quietly built a sizable stake.Summit Street Capital Management established a new position in Weatherford International (WFRD +3.73%), adding 398,661 shares valued at an estimated $27.3 million during the third quarter, according to a November 14 SEC filing.What HappenedAccording to a filing with the Securities and Exchange Commission dated November 14, Summit Street Capital Management initiated a new position in Wea ...