Insider Trends: Selling By Insiders Lingers at RPC
05:36 PM EDT, 05/10/2021 (MT Newswires) -- On May 06, 2021, LOR Inc, 10% Owner, executed a sale of 460,000 shares in RPC (RES) for $2,562,273. After the Form 4 filing with the SEC, LOR controls a total of 109,193,618 shares of company stock, with 81,233,309 shares held directly and 27,960,309 owned indirectly. The market value of the direct and indirect holdings, based on the prior-day closing price, is approximately $638 million.
Over the last 90 days, previous to the date of this filing, there have been 24 insider transactions reported to the SEC for RPC. These transactions came from the activities of 4 different insiders that resulted in a net disposition of 5,973,230 company shares. This compares with the preceding 90-day window of time where there were 14 transactions from 11 insiders and resulted in the net acquisition of 149,720 shares.
This level of transactions is below that of the peer group average in the 65-company Oil Related Services and Equipment peer group over the last 90-day period. Within the peer group activity averaged 79.5 transactions per company, and disposition of 106,427 shares on average.
SEC Story Link http://www.sec.gov/Archives/edgar/data/742278/000165495421005365/xslF345X03/section16.xml
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.