Feb. 5 at 2:03 PM
$PNRG Risks
Robert de Rothschild, who owns 10% of PrimeEnergy shares, recently sold a significant portion of his stake in the company. According to a recent filing with the Securities and Exchange Commission, de Rothschild sold a total of 3,768 common shares in two transactions. The shares were sold at prices ranging from
212.00
t
o
212.00to219.7192, totaling approximately
$824,266.
In a recent series of transactions, Clint Hurt, a director of PrimeEnergy Resources Corp, sold about 12,000 common shares for a total of around
$1.5 million.
It seems that insiders, who were confidently accumulating shares in 2019, have decided to cash out and are now less confident in their company. It’s worth at least waiting for the next quarterly report before taking any action.
So for now, let’s just observe from the sidelines.
