Director Burnett Richard Alan sold 65,000 shares (47.6% reduction) in 2 transactions for $1,217,903.16 at WTTR
Richard Alan Burnett, a Director at Select Water Solutions, Inc., executed two separate sales on consecutive trading days, disposing of 65,000 shares for a combined $1,217,903.16 at a blended average price of $18.74. This represents a 47.6% reduction in his pre-transaction holdings from 136,578 shares to 71,578 shares. The stock trades at $19.56 currently, compared to the 52-week high of $19.04 and within the 52-week range of $7.82–$19.04, and has posted significant recent momentum: +31.5% over 30 days and +47.5% over 90 days. The company carries a P/E of 36.22 against a market cap of $788.9M and latest-quarter revenue of $365,958,000.00, though annual revenue growth contracted by 3.1% year-over-year. A substantial and concentrated reduction in a director-level stake during a period of elevated share price momentum merits attention to underlying company fundamentals and the director's confidence trajectory.