Intel stock spikes after report of possible US government stake
Evan S. Lederman, a director at Team Inc. (NYSE:TISI), recently sold 1,650 shares of the company’s common stock. The transaction, executed on May 29, was completed at a price of $18.04 per share, amounting to a total of $29,766. Following the sale, Lederman retains ownership of 5,878 shares in the company, representing a stake in the $74.4 million market cap firm. The stock, which InvestingPro data shows has gained over 110% in the past year, currently trades at $16.55. With a "FAIR" financial health score and significant price volatility, investors seeking deeper insights can access comprehensive analysis and 13 additional ProTips through InvestingPro’s detailed research reports.
In other recent news, Team Inc. reported its Q1 2025 financial results, revealing stable revenue compared to the previous year. The company achieved a gross margin of 23% and an adjusted EBITDA of $5.3 million, despite an adjusted net loss of $14.9 million. Team Inc. is implementing a cost optimization program targeting $10 million in savings and has successfully reduced its blended interest rate through debt refinancing. Analysts have noted the company’s strategic initiatives and improved financial metrics, which have been well-received by the market. The company expects full-year revenue growth and aims for at least a 15% increase in adjusted EBITDA. CEO Keith Tucker emphasized the importance of Team Inc.’s workforce in achieving these strategic goals. Additionally, the company’s Inspection and Heat Treating segment showed significant growth, contributing to its positive outlook. Team Inc. anticipates higher activity levels throughout 2025, despite potential macroeconomic uncertainties.
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