WSJ: Dril-Quip Sale Mightn’t Mean Much

A co-chairman of Dril-Quip sold $22.8 million in company stock this month, but observers said his sales shouldn’t spook investors.

Through a trust, Larry Reimert sold 428,484 shares of the provider of offshore-drilling equipment, according to, a Web site that tracks and interprets insider-trading signals. The sales were Mr. Reimert’s first since 2007.

Mr. Reimert declined to discuss his sales, citing rules that prohibit selective disclosure …

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