Wednesday, November 08, 2017 10:15 PM ET
Insiders Make Significant Stock Sales in Frank’s International (FI) Shares Extending the Trend of Last Quarter
There was substantial level of selling of Frank’s International shares by insiders today, as disclosed in form 4 documents filed with the SEC. Three insiders — D Keith Mosing, 10% Owner and Director, Donald Keith Mosing Revocable Trust, 10% Owner, and Donald Keith Mosing Family Partnership Ltd, 10% Owner — sold 1,213,600 shares in the company having a market value of approximately $8,615,432. There have been 11 insiders with buy/sell transactions in the past 90 days prior to these filings. All of these trades have been sales resulting in the sale of 10,247,355 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 11,460,955 shares and have averaged 818,640 shares per transaction over this time period.
The level of buy/sell trading at Frank’s International is is higher than the 57 peer company average over the last 90-day period. The Oil Related Services and Equipment peer group saw 56 buy/sell trades during this period for an average of 1.0 transactions per company. The number of shares per buy/sell trade for Frank’s International insiders was also higher. Within the peer group there were 1,153,833 shares purchased and 10,408,195 shares sold with company insiders disposing of 165,256 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 obtained in evaluating and writing this story.
Today’s Insider Activity
* D Keith Mosing, 10% Owner and Director, sold 350,000 shares
* Donald Keith Mosing Revocable Trust, 10% Owner, sold 431,800 shares
* Donald Keith Mosing Family Partnership Ltd, 10% Owner, sold 431,800 shares
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