Thursday, January 04, 2018 10:15 PM ET
Halcon Resources (HK) sees Significant Insider Selling Continuing
There was a notable sale of shares of Halcon Resources by an insider today, as disclosed in a form 4 document filed with the SEC. One insider — Franklin Resources Inc, 10% Owner — disposed of 708,173 shares in the company having a market value of approximately $5,725,068. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 7,603,331 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 8,311,504 shares and have averaged 4,155,752 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 below the 8-company peer group average. Oil Exploration & Production – Onshore peer group saw 21 buy/sell trades during this period for an average of 2.6 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 8,120,441 shares sold with company insiders selling 386,688 shares on average.
The data used in creating 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.
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