Wednesday, December 13, 2017 10:15 PM ET
Significant Insider buy of Approach Resources (AREX) Shares Breaks neutral Trend of Last Quarter
There was noteworthy buying activity in Approach Resources shares by an insider today, as disclosed in a form 4 document filed with the SEC. One insider — Wilks Brothers Llc, 10% Owner — acquired 660,113 shares in the company having a market value of approximately $1,629,230. This is the first insider buy/sell trade in the past 90 days.
The level of buy-sell trading at Approach Resources is near the 190 member peer company average. The Oil & Gas Exploration and Production peer group saw 134 buy/sell trades during this period for an average of 0.7 transactions per company. However, the number of shares per buy/sell trade transacted by Approach Resources insiders is higher. Within the peer group there were 2,920,389 shares purchased and 8,349,605 shares sold with company insiders disposing of 40,517 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 creating and writing 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.
For more information, contact UpTick at firstname.lastname@example.org. Copyright 2017 UpTick Data Technologies. All rights reserved.