Insider Trends: Bonanza Creek Energy Insider Sale for Taxes Adds to 90-Day Selling Trend
04:51 PM EDT, 05/11/2021 (MT Newswires) -- Eric T Greager, Director and President & CEO, sold 3,857 shares of Bonanza Creek Energy (BCEI) for approximately $154,280 to fulfill tax obligations on May 08, 2021. Greager, subsequent to the transactions described in the SEC Form 4 filing, has 171,268 shares of the company, which have a market value of $6.85 million as of the prior-day closing price.
During the most recent 90-day period, prior to the date of this filing, there have been 3 transactions reported to the SEC, all of which have been sales and have resulted in the disposition of 14,796 company shares by insiders. This compares with the preceding 90-day window of time where there was 1 transaction from 1 insider which resulted in the disposition of 1,353 shares.
This level of insider transactions is below that of the peer group average in the 11-company Oil Exploration & Production - Onshore peer group over the last 90-day period. Activity in the peer group averaged 36.1 transactions per company, and disposition of 319,097 shares on average.
SEC Story Link http://www.sec.gov/Archives/edgar/data/1509589/000150958921000060/xslF345X03/edgardoc.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.