Thursday, January 11, 2018 10:15 PM ET
Significant Insider purchase of Approach Resources (AREX) Shares Extends the Buying Trend of Last Quarter
Notable insider buying activity was revealed in Approach Resources shares in a form 4 document filed with the SEC today, showing — Wilks Brothers Llc, 10% Owner — purchased 450,000 shares in the company having a net market value of approximately $1,552,785. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the purchase of 2,660,113 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net purchases of 3,110,113 shares and have averaged 1,555,057 shares per transaction over this time period.
Insiders at Approach Resources have a level of buy/sell trades that is above the 195-peer company average over the last 90-day period. The Oil & Gas Exploration and Production peer group saw 176 buy/sell trades during this period for an average of 0.9 transactions per company. The number of shares per buy/sell trade for Approach Resources insiders was also higher. Within the peer group there were 4,241,282 shares purchased and 7,467,182 shares sold with company insiders having sold 18,329 shares on average.
The data obtained 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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