Par Pacific Holdings (PARR) sees Significant Insider Selling Continuing

Friday, September 29, 2017 10:15 PM ET

Par Pacific Holdings (PARR) sees Significant Insider Selling Continuing

One insider — Whitebox Advisors Llc, 10% Owner — today, sold 277,443 shares of Par Pacific Holdings having a market value of approximately $5,848,432, as indicated in a form 4 document filed with the SEC. 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 1,000 company shares and the sale of 1,160,233 company shares over this time period. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 1,436,676 shares and have averaged 479,559 shares per transaction over this time period.

Over the last 90 days, the number of insider buy/sell trades at Par Pacific Holdings is greater than the 36-company peer group average. Oil & Gas Refining and Marketing peer group saw 22 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 140,500 shares purchased and 1,278,161 shares sold with company insiders selling 51,712 shares on average.

The data sourced in composing 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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