Insider Selling in Halcon Resources (HK) Shares Continues

Wednesday, December 13, 2017 10:15 PM ET

Insider Selling in Halcon Resources (HK) Shares Continues

One insider — Franklin Resources Inc, 10% Owner — today, sold 334,000 shares of Halcon Resources having a market value of approximately $2,574,348, 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 10,598,422 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 10,932,422 shares and have averaged 5,466,211 shares per transaction over this time period.

In relation to the peer group over the last 90 days, insider buy/sell trading at Halcon Resources is lower than the 8-company peer group average. Oil Exploration & Production – Onshore peer group saw 24 buy/sell trades during this period for an average of 3.0 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 11,113,532 shares sold with company insiders having sold 463,064 shares on average.

In order to focus on 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 data used to create 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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