Finance

Analyzing the Insider Data for Halcon Resources Corporation (HK)

Recent insider trends for Halcon Resources Corporation (NYSE:HK) have caught the attention of investors. Insider activity is often a strong indicator of future performance in a stock, and if the data on HK is anything to go by, investors should pay attention.

Institutions own 94.27% of Halcon Resources Corporation (HK)’s shares. The total value of these holdings, in millions, is $980. Among active positions in the latest quarter, 82 holders increased their positions by a total of 36.15 million shares, 62 holders decreased the positions by a total of 32.59 million shares, and 23 holders held their positions. This works out to a net increase in ownership of 3.56 million shares, and suggests that institutions are feeling bullish about the stock.

Among new and sold out positions, 37 holders initiated new positions by a total of 18.37 million shares and 29 holders exited their positions by a total of 9.83 million shares. This nets out to an increase of 8.54 million shares and is a bullish sign for HK.

In the last three months, insiders executed a total of 35 trades. 35 were sells. Insider ownership decreased by a total of 10.53 million shares, which suggests that HK’s key executives are feeling less optimistic about the outlook for the stock. The data from the past twelve months tells a similar story: insiders executed 21 buys and 51 sells, and ownership decreased by a net of 9.21 million shares.



Short interest, or the number of a stock’s tradable shares currently being shorted, is another metric investors use to get a pulse on sentiment. Halcon Resources Corporation (NYSE:HK)’s short interest is 7.42 million shares, or 12.63% of the float. This represents a decrease of -32% in the number of shares being shorted compared to the previous reading, and implies that investors felt less pessimistic about the stock during the past two weeks.

Supplementing insider data with technical indicators can help an investor form a more complete view on the outlook for a stock. A composite of 13 technical indicators that includes measures such as moving averages and momentum oscillators suggests that HK is a buy, which implies that HK is expected to outperform the market based on prior trading patterns.

Conclusion




Institutional ownership trends suggest that the stock is cheap and the insider trading data indicates that insiders are bearish. Technical indicators (also) suggest that Halcon Resources Corporation (NYSE:HK) is undervalued.

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