Friday, September 22, 2017 10:15 PM ET
Significant Insider Selling Reported in Shares of C&J Energy Services (CJ)
A filing with the SEC today disclosed a significant insider sale of C&J Energy Services shares as — Solus Alternative Asset Management LP, 10% Owner — sold 175,000 shares in the company having a market value of approximately $5,115,352. This is the first insider buy/sell trade in the past 90 days.
In relation to the peer group over the last 90 days, insider buy/sell trading at C&J Energy Services is above the 11-company peer group average. Oil Related Equipment peer group saw 2 buy/sell trades during this period for an average of 0.2 transactions per company. The number of shares per buy/sell trade for C&J Energy Services insiders was also higher. Within the peer group there were 36,000 shares purchased and 12,000 shares sold with company insiders having bought 12,000 shares on average.
The data sourced in evaluating 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.
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