Wednesday, September 20, 2017 10:15 PM ET
Halcon Resources (HK) sees Significant Insider Selling Continuing
There was a notable sale of shares of Halcon Resources by an insider today, as indicated in a form 4 document filed with the SEC. One insider — Franklin Resources Inc, 10% Owner — sold 484,429 shares in the company having a market value of approximately $3,079,957. There have been 2 insiders with buy/sell transactions in the past 90 days prior to this filing. These trades have resulted in the acquisition of 10,000 company shares and the disposition of 3,464,998 company shares over this time period. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 3,939,427 shares and have averaged 1,319,809 shares per transaction over this time period.
Relative to its peers over the last 90 days, insider buy/sell trading at Halcon Resources is higher than the 8-company peer group average. Oil Exploration & Production – Onshore peer group saw 9 buy/sell trades during this period for an average of 1.1 transactions per company. The number of shares per buy/sell trade for Halcon Resources insiders was also higher. Within the peer group there were 10,000 shares purchased and 3,466,248 shares sold with company insiders selling 384,028 shares on average.
The data obtained in creating and writing in this story eliminates 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.
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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