Thursday, December 28, 2017 10:15 PM ET
Halcon Resources (HK) Insider Makes Significant Share Sale
A filing with the SEC today revealed a significant insider sale of Halcon Resources shares as — Franklin Resources Inc, 10% Owner — sold 230,209 shares in the company having a market value of approximately $1,781,652. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 8,259,122 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 8,489,331 shares and have averaged 4,244,666 shares per transaction over this time period.
Over the last 90 days, the number of insider buy/sell trades at Halcon Resources is lower than the 8-company peer group average. Oil Exploration & Production – Onshore peer group saw 22 buy/sell trades during this period for an average of 2.8 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 8,775,732 shares sold with company insiders selling 398,897 shares on average.
The data sourced in evaluating and writing in this story eliminates 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.
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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