Strength Seen in Drilling Tools International Corp. (DTI): Can Its 7.3% Jump Turn into More Strength?
DTIDrilling Tools International (DTI) ZACKS·2024-08-02 16:40

Drilling Tools International Corp. (DTI) shares ended 7.3% higher at $5.72 on Jul 31, 2024. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 3.4% loss over the past four weeks.The bullishness can be attributed to DTI's upcoming merger with Superior Drilling Products, Inc., which could be seen as a value-adding move, potentially increasing market share and operational efficiencies. The oilfield services company manuf ...