Friday, January 05, 2018 10:15 PM ET
Significant Insider Selling in Shares of RSP Permian (RSPP) Continues
A filing with the SEC today indicated a notable insider sale of RSP Permian shares as — Ted Collins Jr, 10% Owner and Director — disposed of 42,000 shares in the company having a market value of approximately $1,741,740. There have been 2 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 103,973 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 145,973 shares and have averaged 48,658 shares per transaction over this time period.
The number of insider buy/sell trades at RSP Permian is above that of the 194 peer company average over the last 90-day period. The Oil & Gas Exploration and Production peer group saw 167 buy/sell trades during this period for an average of 0.9 transactions per company. However, the number of shares traded per transaction by RSP Permian insiders is lower than its peers. Within the peer group there were 3,891,282 shares purchased and 7,764,069 shares sold with company insiders having sold 23,190 shares on average over this time period.
In determining significant insider buying and selling, trades reported to the SEC that involve awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers have been eliminated in data used to evaluate 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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