Friday, January 12, 2018 10:15 PM ET
Insider Selling in Halcon Resources (HK) Shares Continues
One Halcon Resources insider — Franklin Resources Inc, 10% Owner — today, disposed of 765,165 shares having a market value of approximately $6,184,861, as revealed in a form 4 document filed with the SEC. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 8,734,835 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 9,500,000 shares and have averaged 4,750,000 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 24 buy/sell trades during this period for an average of 3.0 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 9,251,945 shares sold with company insiders disposing of 385,498 shares on average.
The data obtained in evaluating 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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