Why a $27 Million Buy Signals New Confidence in Weatherford Stock

Summit Street Capital Management established a new position in Weatherford International (NASDAQ:WFRD), adding 398,661 shares valued at an estimated $27.3 million during the third quarter, according to a November 14 SEC filing.According to a filing with the Securities and Exchange Commission dated November 14, Summit Street Capital Management initiated a new position in Weatherford International (NASDAQ:WFRD) during the third quarter. The fund added 398,661 shares, with the stake valued at approximately $27.3 million at quarter-end.The new position accounts for 3.74% of Summit Street’s 13F reportable AUM as of September 30.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool