Significant Insider Buying Reverses Sale Trend of Last 90 Days in Shares of Halcon Resources (HK)

Tuesday, February 13, 2018 10:15 PM ET

Significant Insider Buying Reverses Sale Trend of Last 90 Days in Shares of Halcon Resources (HK)

There was a significant insider buying activity in Halcon Resources shares today as disclosed in a filing with the SEC. One insider — Ares Management Llc, 10% Owner and Director — purchased 1,113,466 shares in the company having a net market value of approximately $7,682,915. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 8,577,571 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 7,464,105 shares and have averaged 4,845,519 shares per transaction over this time period.

Over the last 90 days, the number of insider buy/sell trades at Halcon Resources is lower than the 8-company peer group average. 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 9,087,571 shares sold with company insiders having sold 378,649 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.

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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