Par Pacific Holdings (PARR) sees Significant Insider Selling Continuing

Wednesday, October 04, 2017 10:15 PM ET

Par Pacific Holdings (PARR) sees Significant Insider Selling Continuing

A filing with the SEC today revealed a significant insider sale of Par Pacific Holdings shares as — Whitebox Advisors Llc, 10% Owner — sold 359,679 shares in the company having a market value of approximately $7,520,206. 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 disposition of 1,437,676 company shares over this time period. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 1,796,355 shares and have averaged 599,452 shares per transaction over this time period.

Par Pacific Holdings insider trading represents a higher number of buy/sell trades than for the 35 peer company average over the last 90-day period. The Oil & Gas Refining and Marketing peer group saw 23 buy/sell trades during this period for an average of 0.7 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 1,555,604 shares sold with company insiders having sold 61,526 shares on average.

The data used 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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