Significant Insider Selling in Shares of Halcon Resources (HK) Continues

Wednesday, November 08, 2017 10:15 PM ET

Significant Insider Selling in Shares of Halcon Resources (HK) Continues

A significant insider sale of the shares of Halcon Resources was disclosed in a form 4 document filed with the SEC today, showing — Franklin Resources Inc, 10% Owner — disposed of 1,000,000 shares in the company having a market value of approximately $6,980,640. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 7,808,420 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 8,808,420 shares and have averaged 4,404,210 shares per transaction over this time period.

The level of buy-sell trading at Halcon Resources is near the 8 member peer company average. The Oil Exploration & Production – Onshore peer group saw 16 buy/sell trades during this period for an average of 2.0 transactions per company. However, the number of shares per buy/sell trade transacted by Halcon Resources insiders is higher. Within the peer group there were 0 shares purchased and 7,810,920 shares sold with company insiders disposing of 488,183 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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