Tracey Benford Increases Stake in RPC
Tracey Benford purchased 30,675 shares of RPC on June 18, 2026.
Key Points
- Tracey Benford purchased 30,675 shares of RPC on June 18, 2026.
- RPC shares traded at $7.54 on Tuesday, attracting insider interest.
- Peers like BlackRock and Capital World Investors opened new positions in RPC.
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Tracey Benford made a notable move on June 18, 2026, by purchasing 30,675 shares of RPC. This transaction was not part of a pre-planned trading program, and it highlights insider interest in the company.
Insider Buying and Selling at Ridgepost Capital, Inc
On June 18, 2026, several insiders, including Tracey Benford, showed confidence in RPC by acquiring shares. Benford bought 30,675 shares, while other insiders like Gwilliam Scott and Travis Barnes also made purchases on the same day. These transactions were not part of any pre-planned trading programs.
Other Institutional Activity in RPC
Institutional investors have been actively adjusting their positions in RPC. BlackRock, Inc. and Capital World Investors both opened new positions, acquiring 4,003,040 and 3,790,553 shares respectively, valued at approximately $29.1 million and $27.5 million. Meanwhile, FMR LLC reduced its holdings by 841,375 shares, bringing its total to 5,326,655 shares worth about $38.7 million. Nomura Asset Management International Inc. increased its stake by 566,506 shares, a 18.7% rise, ending with 3,598,384 shares valued at $26.1 million.
Ridgepost Capital, Inc Stock Down 12.5%
Shares of RPC traded at $7.54 on Tuesday. The stock has seen active trading among institutional investors and insiders alike, with a market cap reflecting its position in the oil and gas services sector.
$RPC stock price
Daily closing prices, year to date. Not investment advice.
Analysts Set New Price Targets
Barclays has maintained a 'buy' rating on RPC, setting a price target of $12.00 on February 17, 2026. Earlier, on February 13, they also maintained a 'buy' rating with a slightly lower target of $11.00. These targets suggest a positive outlook from analysts.
Bottom Line
Tracey Benford's recent purchase of RPC shares underscores a growing insider interest in the company. Institutional investors are also actively adjusting their holdings, with some opening new positions. While insider buying often signals confidence, it's important to remember that these transactions are just one piece of the puzzle when evaluating a stock's potential.
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