The SEC recorded 375 Form 4 filings today. These filings involved 367 insiders and represented 207 companies. Individual transactions totaling over $1 million in market value occurred in 43 of these filings. Companies with aggregate market value transactions of over $1 million numbered 10, and within these companies there were 12 individuals insiders surpassing the high value threshold.
There were 175 companies in the Russell 3000 index representing 325 individuals reporting insider activity. Included in this activity, were high value transactions that involved 11 individuals in 9 companies representing 1,416,604 shares and reflecting $42,789,498 in market value. This activity was higher than the average for the past 5 days, near the average for the last 30 days, and came from discretionary sales of 1,416,604 shares. There were 41 companies in the Russell 1000 index representing 85 individuals reporting insider activity. High value transactions had approximately $21,136,797 in market value and represented 3 individual filers from 3 companies. This activity was higher than the average for the preceding 5 days, near the average the average for the previous 30 days, and came from discretionary sales of 407,040 shares.
Among the most significant insider transactions for the day:
12/2/2016 10:00:02 PM Significant Insider Selling at Resolute Energy (REN)
A filing with the SEC today revealed a substantial insider sale of Resolute Energy shares as — Firewheel Energy, LLC, 10% Owner — disposed of 1,250,000 shares in the company having a market value of approximately $40,613,868. This is the first insider buy/sell trade in the past 90 days. The number of insider buy/sell trades at Resolute Energy is higher than that of the 7 peer company average over the last 90-day period. The Oil Exploration & Production – Onshore peer group saw 2 buy/sell trades during this period for an average of 0.3 transactions per company. However, the number of shares traded per transaction by Resolute Energy insiders is lower than its peers. Within the peer group there were 0 shares purchased and 12,195,745 shares sold with company insiders having sold 6,097,873 shares on average over this time period. Insider buying and selling activity that is significant has been determined by eliminating all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers in evaluating and writing this story.
Another 8 companies had significant insider transactions based on UpTick Data Technologies’ analysis. Using proprietary artificial intelligence methods, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends. For more information, contact UpTick at firstname.lastname@example.org.