Tuesday, November 21, 2017 10:15 PM ET
C&J Energy Services (CJ) Insider Makes Significant Share Sale
There was a substantial sale of shares of C&J Energy Services by an insider today, as indicated in a form 4 document filed with the SEC. One insider — Solus Alternative Asset Management Lp, 10% Owner — sold 632,530 shares in the company having a market value of approximately $18,715,492. There have been 3 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the sale of 205,500 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 838,030 shares and have averaged 209,508 shares per transaction over this time period.
In relation to the peer group over the last 90 days, insider buy/sell trading at C&J Energy Services is greater than the 11-company peer group average. Oil Related Equipment peer group saw 4 buy/sell trades during this period for an average of 0.4 transactions per company. The number of shares per buy/sell trade for C&J Energy Services insiders was also higher. Within the peer group there were 0 shares purchased and 18,350 shares sold with company insiders disposing of 4,588 shares on average.
Insider buying and selling activity that is significant 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 composing and writing this story.
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