Insider Buying Drives Interest in Tetra Technologies (TTI)

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By Jon C. Ogg Published

TETRA TECHNOLOGIES INC (NYSE: TTI) is trading higher after two directors of the company bought shares. Investors love to see insider buying, and this was regarding some 40,000 shares in total.  Shares of the diversified oil and gas services company are up over 12% at $8.31 for the Houston-based company.  The consensus price target is $13.64 and the 52-week trading range is $6.77 to $16.00.

Thomas Bates Jr. purchased 20,000 shares with a VWAP price of $7.61 (range was $7.55 to $7.67) and now holds 20,759 shares; Kenneth Mitchell now holds 86,990 direct shares after purchasing 20,000 shares: 8,000 at $7.57 VWAP and 12,000 at $7.59 VWAP.

Link to both filings here

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About the Author Jon C. Ogg →

Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.

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