De Oliveira Bruno Morand, Chief Executive Officer at Borr Drilling Ltd (BORR), bought 275,000 shares at $1.66 ($457K) on 2026-06-17, disclosed to the SEC on 2026-06-22.
CEO Bruno Morand purchased 275,000 shares for $456,500 at $1.66, marking the largest purchase of his career. This rare reversal by the CEO comes as the stock has crashed 23.62% over the last month, potentially signaling a bottom in the offshore drilling sector.
The stock is currently trading at $4.22, down 23.62% over the last 30 days and 36.54% from its 52-week high of $6.65. It is trading just 4.2% above its 52-week low of $4.05, suggesting the recent sell-off has pushed the valuation to the lower end of its annual range.
Something here stands out, but not much.