Wednesday, December 27, 2017 10:15 PM ET
Insider Selling in Frank’s International (FI) Shares Continues
A significant insider sale of the shares of Frank’s International was indicated in a form 4 document filed with the SEC today, showing — Melanie Christine Mosing, 10% Owner — disposed of 300,610 shares in the company having a market value of approximately $1,956,370. There have been 15 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the disposition of 13,777,678 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 14,078,288 shares and have averaged 879,893 shares per transaction over this time period.
Over the last 90 days, the number of insider buy/sell trades at Frank’s International is higher than the 57-company peer group average. Oil Related Services and Equipment peer group saw 68 buy/sell trades during this period for an average of 1.2 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 217,829 shares purchased and 15,279,496 shares sold with company insiders disposing of 221,495 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 used to compose and write this story.
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