Significant Insider Selling in Shares of Par Pacific Holdings (PARR) Continues

Friday, October 20, 2017 10:15 PM ET

Significant Insider Selling in Shares of Par Pacific Holdings (PARR) Continues

There was a significant sale of shares of Par Pacific Holdings by an insider today, as revealed in a form 4 document filed with the SEC. One insider — Whitebox Advisors Llc, 10% Owner — disposed of 107,610 shares in the company having a market value of approximately $2,205,797. 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 2,420,187 company shares over this time period. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 2,526,797 shares and have averaged 842,932 shares per transaction over this time period.

Par Pacific Holdings insider trading represents a higher number of buy/sell trades than for the 36 peer company average over the last 90-day period. The Oil & Gas Refining and Marketing peer group saw 26 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 2,538,115 shares sold with company insiders having sold 92,216 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.

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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