Insider Selling at Halcon Resources (HK) Continues with Significant Sale

Monday, January 08, 2018 10:15 PM ET

Insider Selling at Halcon Resources (HK) Continues with Significant Sale

There was a substantial sale of shares of Halcon Resources by an insider today, as revealed in a form 4 document filed with the SEC. One insider — Franklin Resources Inc, 10% Owner — sold 158,188 shares in the company having a market value of approximately $1,308,420. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 8,311,504 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 8,469,692 shares and have averaged 4,234,846 shares per transaction over this time period.

The number of insider buy/sell trades at Halcon Resources is less than the 8 peer company average over the last 90-day period. The 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 8,828,614 shares sold with company insiders having sold 401,301 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.

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