Friday, November 24, 2017 10:15 PM ET
Halcon Resources (HK) Insider Makes Significant Share Sale
One Halcon Resources insider — Franklin Resources Inc, 10% Owner — today, sold 300,000 shares having a market value of approximately $2,088,570, as disclosed in a form 4 document filed with the SEC. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 10,308,420 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 10,608,420 shares and have averaged 5,304,210 shares per transaction over this time period.
Compared to its peers over the last 90 days, insider buy/sell trading at Halcon Resources is below the 8-company peer group average. Oil Exploration & Production – Onshore peer group saw 20 buy/sell trades during this period for an average of 2.5 transactions per company. However, the number of shares per buy/sell trade for Halcon Resources is higher. Within the peer group there were 0 shares purchased and 10,820,530 shares sold with company insiders selling 541,027 shares on average.
To bring into focus significant insider buying and selling activity, 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 has been eliminated in data sourced to compose and write this story.
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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