Executive VP & CFO of Noble Corp PLC Executes Significant Stock Sale

In a recent filing with the Securities and Exchange Commission (SEC), it was disclosed that Richard Barker, Executive Vice President and Chief Financial Officer of Noble Corp PLC (NYSE: NE), sold 45,000 shares of the company on February 26, 2024. On the day of the insider’s sale, Noble Corp PLC boasted a market capitalization of $5.957 billion, with a price-earnings ratio of 12.61.

At the time of the recent transaction, shares of Noble Corp PLC were valued at $42.43 each, resulting in a total sale amount of $1,909,350. This transaction constitutes a notable portion of the insider’s overall sales in the past year.

Over the past year, Richard Barker has liquidated a total of 70,000 shares of Noble Corp PLC without engaging in any purchases of the stock. Notably, the insider transaction history for Noble Corp PLC demonstrates a pattern of more insider sales than purchases, with zero insider buys and six insider sells recorded during this period.

Noble Corp PLC serves as an offshore drilling contractor catering to the oil and gas industry. With its extensive fleet of mobile offshore drilling units, the company offers contract drilling services across various global markets, specializing in high-specification drilling services.

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