Insider at RSP Permian (RSPP) Makes Significant Sale of Stock

Wednesday, January 24, 2018 10:15 PM ET

Insider at RSP Permian (RSPP) Makes Significant Sale of Stock

There was a significant insider sale of RSP Permian shares today, as disclosed in a filing with the SEC as — Wallace Family Partnership LP, 10% Owner — disposed of 29,877 shares in the company having a market value of approximately $1,272,163 There have been 3 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the disposition of 178,596 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 208,473 shares and have averaged 52,118 shares per transaction over this time period.

The number of insider buy/sell trades at RSP Permian is above that of the 195 peer company average over the last 90-day period. The Oil & Gas Exploration and Production peer group saw 179 buy/sell trades during this period for an average of 0.9 transactions per company. However, the number of shares traded per transaction by RSP Permian insiders is lower than its peers. Within the peer group there were 43,159,773 shares purchased and 6,771,269 shares sold with company insiders having bought 346,557 shares on average over this time period.

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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