Insiders at RPC (RES) Make Significant Stock Sales Extends the Trend of Last Quarter
10:19 PM EDT, 05/07/2021 (MT Newswires) -- Two insiders -- Gary W Rollins, 10% Owner, Director and Officer, and LOR Inc, 10% Owner -- today, sold 800,000 shares of RPC having a market value of approximately $4,293,670, as disclosed in form 4 documents filed with the SEC. There have been 4 insiders with buy/sell transactions in the past 90 days prior to these filings. These trades have resulted in the purchase of 2,000 company shares and the disposition of 5,175,230 company shares over this time period. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 5,973,230 shares and have averaged 996,205 shares per transaction over this time period.
Today's Insider Activity
The level of buy/sell trading at RPC is is greater than the 65 peer company average over the last 90-day period. The Oil Related Services and Equipment peer group saw 47 buy/sell trades during this period for an average of 0.7 transactions per company. The number of shares per buy/sell trade for RPC insiders was also higher. Within the peer group there were 129,859 shares purchased and 10,834,969 shares sold with company insiders selling 227,768 shares on average.
The data obtained in composing 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.
This report does not constitute a recommendation to purchase or sell any security and the analysts are not registered investment advisors. Further analysis is recommended before undertaking any position in any security. Any risks are solely the responsibility of the buyer/seller. The authors, publishers and distributors of the MT Newswires Live Briefs service and any associates thereof accept no liability for the content or actions taken by anyone or institution utilizing this report.