Surface Pressure Control business
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Cactus (WHD) Soars 5.7%: Is Further Upside Left in the Stock?
ZACKS· 2026-01-06 14:50
Cactus, Inc. (WHD) shares soared 5.7% in the last trading session to close at $49.69. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 2.2% gain over the past four weeks.Cactus' shares rallied on the last trading day as investor sentiment strengthened following its agreement to acquire a 65% stake in Baker Hughes’ Surface Pressure Control business. The transaction expands Cactus’ global footprint and customer base while providing ...