BORR
Borr Drilling Ltd
Energy
Borr Drilling Ltd (BORR) Stock News
The latest BORR headlines and market coverage — 1 recent story, updated throughout the day.
- The Motley Fool·Neutral
Executive Director Buys 1.2 Million Shares of Borr Drilling. Does That Make BORR a Buy?
Borr Drilling's Executive Chairman Patrick Schorn exercised stock options to acquire 1.2 million shares at $1.66 per share, increasing his direct holdings by 51% to 3.535 million shares. While insider buying is generally bullish, the transaction's impact is tempered by the fact that the shares were acquired through discounted employee options rather than open-market purchases. The company operates offshore shallow-water drilling rigs and has shown strong recent performance with a 99.5% one-year price increase.