Continued Level of Significant Insider Selling at Halcon Resources (HK)

Wednesday, January 17, 2018 10:15 PM ET

Continued Level of Significant Insider Selling at Halcon Resources (HK)

One insider — Franklin Resources Inc, 10% Owner — today, sold 800,000 shares of Halcon Resources having a market value of approximately $6,858,265, 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 9,150,000 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 9,950,000 shares and have averaged 4,975,000 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 9,667,110 shares sold with company insiders disposing of 402,796 shares on average.

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 sourced 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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