Wednesday, January 10, 2018 10:15 PM ET
Halcon Resources (HK) sees Significant Insider Selling Continuing
A substantial insider sale of the shares of Halcon Resources was indicated in a form 4 document filed with the SEC today, showing — Franklin Resources Inc, 10% Owner — sold 265,143 shares in the company having a market value of approximately $2,058,647. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 8,469,692 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 8,734,835 shares and have averaged 4,367,418 shares per transaction over this time period.
The number of insider buy/sell trades at Halcon Resources is below the 8 peer company average over the last 90-day period. The Oil Exploration & Production – Onshore peer group saw 23 buy/sell trades during this period for an average of 2.9 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 8,986,802 shares sold with company insiders disposing of 390,731 shares on average.
The data sourced 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.
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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