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Insiders sold C$1.34 million in stock as PHX Energy's shares dropped despite strong quarterly earnings.
PHX Energy Services insiders, including directors Craig Brown and David Raines, sold a combined C$1.34 million in stock over the past week, reducing their holdings by significant percentages.
The sales occurred as the company's share price dropped to C$13.16 and trading volume exceeded average levels.
Despite posting strong quarterly earnings, the stock faces market attention due to these insider transactions.
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Los informantes vendieron 1.34 millones de dólares canadienses en acciones cuando las acciones de PHX Energy cayeron a pesar de las fuertes ganancias trimestrales.