Significant Insider Selling Continues at Par Pacific Holdings (PARR)

Wednesday, August 30, 2017 10:15 PM ET

Significant Insider Selling Continues at Par Pacific Holdings (PARR)

A SEC filing today indicated a substantial insider sale of Par Pacific Holdings shares as — Whitebox Advisors Llc, 10% Owner — disposed of 97,841 shares in the company having a market value of approximately $1,738,434. There have been 3 insiders with buy/sell transactions in the past 90 days prior to this filing. These trades have resulted in the acquisition of 11,000 company shares and the sale of 235,674 company shares over this time period. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 322,515 shares and have averaged 86,129 shares per transaction over this time period.

Relative to its peers over the last 90 days, insider buy/sell trading at Par Pacific Holdings is greater than the 34-company peer group average. Oil & Gas Refining and Marketing peer group saw 19 buy/sell trades during this period for an average of 0.6 transactions per company. The number of shares per buy/sell trade for Par Pacific Holdings insiders was also higher. Within the peer group there were 77,150 shares purchased and 873,165 shares sold with company insiders disposing of 41,896 shares on average.

Significant insider buying and selling activity 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 data sourced in composing and writing this story.

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.

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