Wednesday, January 24, 2018 10:15 PM ET
Insider Makes Significant Stock Sells in Keane Group (FRAC) Shares
There was a notable insider sale of Keane Group shares today, as indicated in a filing with the SEC as — Keane Investor Holdings LLC, 10% Owner — disposed of 15,320,015 shares in the company having a market value of approximately $279,590,274 This is the first insider buy/sell trade in the past 90 days.
The level of buy-sell trading at Keane Group is near the 17 member peer company average. The Oil Related Services peer group saw 14 buy/sell trades during this period for an average of 0.8 transactions per company. However, the number of shares per buy/sell trade transacted by Keane Group insiders is higher. Within the peer group there were 85,449 shares purchased and 53,888 shares sold with company insiders having bought 3,945 shares on average.
For the purpose of evaluating significant insider buying and selling all 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 obtained to evaluate and write this story.
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