Significant Insider Sales Reported in Shares of Frank’s International (FI) Extending the Trend of Last Quarter

Tuesday, November 21, 2017 10:15 PM ET

Significant Insider Sales Reported in Shares of Frank’s International (FI) Extending the Trend of Last Quarter

There was substantial level of selling of Frank’s International shares today, as disclosed in filings with the SEC. Two insiders — Kendall Garrett Mosing, 10% Owner, and Kendall G Mosing Family Llc, 10% Owner — disposed of 3,000,000 shares in the company having a market value of approximately $18,060,000. 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 disposition of 10,460,955 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 13,460,955 shares and have averaged 1,035,458 shares per transaction over this time period.

Compared to its peers over the last 90 days, insider buy/sell trading at Frank’s International is higher than the 57-company peer group average. Oil Related Services and Equipment peer group saw 57 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 790,912 shares purchased and 11,519,006 shares sold with company insiders selling 188,212 shares on average.

In determining significant insider buying and selling, trades reported to the SEC that involve awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers have been eliminated in data used to compose and write this story.

Today’s Insider Activity
* Kendall Garrett Mosing, 10% Owner, sold 1,500,000 shares
* Kendall G Mosing Family Llc, 10% Owner, sold 1,500,000 shares

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.

For more information, contact UpTick at info@uptickdata.com. Copyright 2017 UpTick Data Technologies. All rights reserved.

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