Directors & 10% Owners Buy $10.4M in Mammoth Energy Services Stock
TUSK sits 70% above its 52-week low of $1.715.
Summary
A group of directors and 10% owners, including Charles E. Davidson and Joseph M. Jacobs, acquired over $10.4 million worth of Mammoth Energy Services stock in a significant open-market transaction.
Key Events · Ownership and Investor Activity · TUSK
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Significant Insider Purchase
Directors and 10% owners, including Charles E. Davidson and Joseph M. Jacobs, purchased 4,019,574 shares for $10,468,177 in an open-market transaction on June 17, 2026.
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Substantial Stake Increase
This purchase represents approximately 7.44% of the company's current market capitalization, indicating strong confidence from key stakeholders.
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Additional Share Acquisitions
The reporting persons also acquired 7,427,563 shares through in-kind distributions (Code J) on the same date, which did not involve a cash purchase.
Analysis · TUSK · Energy & Transportation
A group of insiders, including directors, officers, and 10% owners associated with Wexford Capital, made a substantial open-market purchase of Mammoth Energy Services stock. This $10.4 million investment, representing over 7% of the company's market capitalization, demonstrates significant conviction from key stakeholders. The purchase price of $2.60 is below the current stock price of $2.92.
At the time of this filing, TUSK was trading at $2.92 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $140.7M. The 52-week trading range was $1.72 to $3.92. This filing was assessed with positive market sentiment and an importance score of 9 out of 10.