Noble Corporation: Kerrisdale Advisers Trims Stake Amid Stock Surge

Kerrisdale Advisers reduced its stake in Noble Corporation by 204,364 shares, selling $6.04 million worth of shares based on quarterly average pricing. The fund's remaining position in Noble was 147,621 shares, valued at $4.17 million. Noble Corporation has seen a staggering stock surge, with shares up 106% over the prior year, significantly outperforming the S&P 500's roughly 20% gain. The company provides offshore contract drilling services to the oil and gas industry and has a modern fleet designed to serve diverse customer needs.