CFO David Scott Schorlemer buys 4,500 PUMP shares at $6.86 amid -$137.1M quarterly loss
CFO David Scott Schorlemer purchased 4,500 shares of ProPetro at $6.86 on 2024-11-04, increasing his holdings from 108,492 to 112,992 shares. The transaction occurs against a backdrop of significant operational stress: the company reported a net loss of $-137,067,000.00 in the latest quarter while generating $360,868,000.00 in revenue. The stock is currently trading at $7.04, down 32.8% from its 52-week high of $10.48, with a 90-day decline of -13.4%. Without available track record data showing prior transaction patterns or a stated trading plan designation, the purchase represents an open-market acquisition by an executive during a period of documented financial weakness and sustained price pressure.