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Insider Trends: 90-Day Insider Selling Trend Prolonged at Silverbow Resources

05/11/2021 13:23

05:21 PM EDT, 05/11/2021 (MT Newswires) -- Marcus C Rowland, Director, reported a sale of 15,000 shares in Silverbow Resources (SBOW) on May 10, 2021, for $183,077. Following the Form 4 filing with the SEC, Rowland has 35,571 shares of company stock, which have a market value of $475,940 as of the prior-day closing price.

In the 90 days prior to the date of this filing, there have been 23 insider transactions reported to the SEC for Silverbow Resources. These transactions came from the activities of 8 different insiders that resulted in a net disposition of 1,480 company shares. This compares with the preceding 90-day window of time where there are no insider transactions for the company.

This level of insider transactions is below that of the peer group average in the 227-company Oil & Gas Exploration and Production peer group over the last 90-day period. Peer group activity averaged 55.9 transactions per company, and disposition of 35,214 shares on average.

SEC Story Link http://www.sec.gov/Archives/edgar/data/351817/000159396821001280/xslF345X03/primary_01.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.