Newpark Resources surges after purchases by board members

Aug. 18, 2022 12:37 PM ETNewpark Resources, Inc. (NR)By: Carl Surran, SA News Editor

Newpark Resources (NYSE:NR) +11% in Thursday's trading a day after the provider of fluid systems and industrial blending solutions reported stock purchases by two members of the company's board.

In an SEC filing, Newpark (NR) said director John Monge recently bought 15K shares at $2.66/share, raising his holdings to more than 152K shares, and director Donald Win Young recently purchased 89.6K shares for $2.67 each, raising his holdings to more than 213K shares.

Newpark Resources (NR) recently reported Q2 adjusted earnings of $0.01/share on revenues of $194M.

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