A Director at Tesco Corp (NASDAQ: TESO) is Selling Shares

By Carrie Williams

Today, a Director at Tesco Corp (NASDAQ: TESO), Gary Kott, sold shares of TESO for $108.9K.

In addition to Gary Kott, 12 other TESO executives reported Sell trades in the last month.

The company has a one year high of $9.77 and a one year low of $5.13. Currently, Tesco Corp has an average volume of 235.4K.

Six different firms, including Merrill Lynch and Citigroup, currently also have a Sell rating on the stock.

In the last 30 days, insiders have sold $112.2K worth of TESO shares and purchased $64.38K worth of TESO shares. The insider sentiment on Tesco Corp has been positive according to 63 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

Tesco Corp. engages in designs, manufactures, and provides technology based solutions for the upstream energy industry. It also designs and manufactures drilling rigs, drilling machinery and related equipment. It operates through five segments: Products, Tubular Services, Research and Engineering, and Corporate and Other. The Products segment sells product, rental services, and after-market sales and services. The Tubular Services segment includes land and offshore services augmented by sales of products, accessories and consumables for the casing running process. The Research and Engineering segment comprise of internal research and development activities related to tubular services and top drive model development. The Corporate and Other segment include of executive management and several global support and compliance functions. The company was founded on December 1, 1993 and is headquartered in Houston, TX.