Friday, September 15, 2017 10:15 PM ET
Insider Makes Significant Stock buy in Sanchez Energy (SN) Shares Extends the Trend of Last 90 Days
One insider — Patricio D Sanchez, Officer — today, acquired 320,000 shares of Sanchez Energy having a market value of approximately $1,455,538, as revealed in a form 4 document filed with the SEC. There have been 4 insiders with buy/sell transactions in the past 90 days prior to this filing. These trades have resulted in the purchase of 200,000 company shares and the sale of 198,634 company shares over this time period. Adding the most recent activity to this 90-day history indicates insider trades have been net purchases of 321,366 shares and have averaged 143,727 shares per transaction over this time period.
Over the last 90 days, the number of insider buy/sell trades at Sanchez Energy is higher than the 179-company peer group average. Oil & Gas Exploration and Production peer group saw 101 buy/sell trades during this period for an average of 0.6 transactions per company. The number of shares per buy/sell trade for Sanchez Energy insiders was also higher. Within the peer group there were 9,431,824 shares purchased and 1,099,202 shares sold with company insiders having bought 115,731 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 obtained in evaluating and writing this story.
Using proprietary Natural Language Generation (NLG) technology, 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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