tiprankstipranks
Insider Trading

Top Executive Sells Massive Amount of Stock!

Top Executive Sells Massive Amount of Stock!

New insider activity at Now ( (DNOW) ) has taken place on February 22, 2025.

Discover the Best Stocks and Maximize Your Portfolio:

In a significant financial move, Kelly T. Munson, the Chief Administrative & Information Officer, has sold 10,000 shares of Now stock. This transaction amounted to a total value of $174,700.

Recent Updates on DNOW stock

Now Inc. (DNOW) has seen a significant increase in its stock price, rising over 20% following the announcement of strong fourth-quarter and full-year 2024 financial results. Analysts have raised their price targets for DNOW, citing the company’s better-than-expected earnings, including impressive free cash flow and EBITDA figures. The robust financial performance is attributed to effective cost control, margin expansion strategies, and strategic acquisitions like Trojan Rentals. Despite challenges in international and Canadian markets and anticipated declines in the upstream sector, DNOW’s management remains optimistic about sustained growth and value creation, supported by a strong balance sheet and strategic initiatives.

More about Now

YTD Price Performance: 35.14%

Average Trading Volume: 933,004

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $1.85B

1