Insider Sale at RSP Permian (RSPP) Continues Selling Trend

Friday, October 06, 2017 10:15 PM ET

Insider Sale at RSP Permian (RSPP) Continues Selling Trend

An insider — Ted Collins Jr, 10% Owner and Director — disposed of 42,000 shares of RSP Permian having a market value of approximately $1,459,080 today, as disclosed in a form 4 document filed with the SEC. There have been 4 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 143,560 company shares over this time period. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 175,560 shares and have averaged 39,112 shares per transaction over this time period.

The number of insider buy/sell trades at RSP Permian is higher than that of the 182 peer company average over the last 90-day period. The Oil & Gas Exploration and Production peer group saw 105 buy/sell trades during this period for an average of 0.6 transactions per company. However, the number of shares traded per transaction by RSP Permian insiders is lower than its peers. Within the peer group there were 9,200,510 shares purchased and 1,949,333 shares sold with company insiders purchasing 105,090 shares on average over this time period.

To bring into focus significant insider buying and selling activity, 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 has been eliminated in data used to create and write 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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