SVP of Operations sells 40,000 shares for $2M, half his holdings; stock trades below recent highs as company remains profitable.
Joey M Kawaja, SVP of Operations at Noble Corp, sold 40,000 shares—half his total holdings—in a single transaction worth approximately $2 million. This represents a significant reduction in his personal stake at a time when the stock is trading noticeably below its recent highs, suggesting he may be diversifying while the company is still operationally strong and profitable. Kawaja has now sold shares on three separate occasions, and his most recent prior sale resulted in the stock posting modest gains afterward, indicating that particular exit was poorly timed. However, a second prior sale from late 2024 remains too recent to evaluate, so a complete pattern of his selling success cannot yet be determined. The underlying company shows solid fundamentals—it's profitable with growing revenue—making this a measured exit from a fundamentally sound business rather than a distress sale.
SVP Kawaja sells 35,000 shares of Noble Corp at $28.62; 90-day track record shows 100% well-timed sell rate.
SVP Kawaja Joey M executed a discretionary sale of 35,000 shares at $28.62, reducing holdings by 30.8% to 78,464 shares. His prior open-market sell at NE on 2024-11-11 delivered a -13.3% 90-day return, exemplifying his cross-ticker track record's 100.00% well-timed sell rate at the 90-day mark. The current price of $28.60 sits 24.5% below the 52-week high of $37.89, though the stock has risen 4.1% over the past 30 days. Noble Corp's fundamentals remain solid with $848.7M in latest quarterly revenue, $42.9M in net income, 18.1% annual revenue growth, and a 14.67 P/E ratio, leaving the timing signal as the most distinctive element of this filing.
SVP Joey M Kawaja sold 30,000 shares of Noble Corp (NE) at $35.76, reducing stake by 26.5% to 83,208 shares
Kawaja sold 30,000 shares at $35.76 on 2024-11-11, representing a material 26.5% reduction in his post-transaction holdings from 113,208 shares to 83,208 shares. The transaction occurred at a price 3.3% above the current price of $34.61 and roughly 30% below the 52-week high of $51.06. Noble Corp's fundamentals show strong recent growth with annual revenue increasing 83.1% and a net income of $61,216,000 against revenue of $800,549,000, while the stock trades at a P/E of 11.06 with a 90-day decline of 11.4%. The scale of the reduction—over one-quarter of his holdings—combined with the depressed valuation relative to the 52-week range warrants investor attention to any forward-looking guidance or operational commentary from management.
