Insider Sale at Halcon Resources (HK) Continues Selling Trend

Thursday, October 05, 2017 10:15 PM ET

Insider Sale at Halcon Resources (HK) Continues Selling Trend

A significant insider sale of the shares of Halcon Resources was indicated in a form 4 document filed with the SEC today, showing — Franklin Resources Inc, 10% Owner — sold 500,000 shares in the company having a market value of approximately $3,406,684. There have been 2 insiders with buy/sell transactions in the past 90 days prior to this filing. These trades have resulted in the purchase of 10,000 company shares and the sale of 5,308,420 company shares over this time period. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 5,798,420 shares and have averaged 1,939,473 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 14 buy/sell trades during this period for an average of 1.8 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 5,310,920 shares sold with company insiders disposing of 378,637 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 used in composing 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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