Thursday, January 25, 2018 10:15 PM ET
Significant Insider Selling Continues at Halcon Resources (HK)
A significant insider sale of the shares of Halcon Resources was disclosed in a form 4 document filed with the SEC today, showing — Franklin Resources Inc, 10% Owner — disposed of 414,990 shares in the company having a market value of approximately $3,410,841. 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 9,564,990 shares and have averaged 4,782,495 shares per transaction over this time period.
The number of insider buy/sell trades at Halcon Resources is lower than the 8 peer company average over the last 90-day period. The Oil Exploration & Production – Onshore peer group saw 26 buy/sell trades during this period for an average of 3.3 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 371,812 shares on average.
Significant insider buying and selling activity 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 data obtained 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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