This insider selling cluster is routine and non-informative. No tradeable signal. Monitor next quarterly earnings (2.02) for any fundamental deterioration in the drilling segment, but this filing alone does not warrant action.
Price Chart
Executive Summary
Two HP insiders (SVP and VP) sold a combined $694K in open-market sales over a 7-day window. The total value is 0.015% of HP's $4.5B market cap — a trivial amount that does not indicate a material bearish signal. Per academic literature, cluster sells are not more informative than non-cluster sells and are likely liquidity-driven.
Key Financial Metrics
Key Facts
- Two HP insiders sold a total of $694K in open-market transactions over a 7-day window
- Sales represent 0.015% of HP's $4.5B market cap — well below the 0.1% materiality threshold
- Hair Cara M. (SVP, Corp. Services & CLO) sold $494K at $44.27 on 2026-08-17
- Momper Sara Marie (VP, CAO) sold $224K at $44.28 on 2026-08-14
- No C-suite executives (CEO/CFO) participated in the selling cluster
- Prior 30-day insider activity shows 5 sells totaling $1.3M — consistent with routine pattern
Financial Impact
Total insider sales of $694K — 0.015% of market cap — economically trivial
Risk Factors
- Insider selling could accelerate if oil prices decline further, but current volume is too small to be predictive
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-HP-1787086886947 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 24, 2026 5w ago | Insider Cluster | $42.49 $39.79 | ▼ −6.35% | ▼ −7.67% | $38.56 (−9.25%) |
Aug 18, 2026 6w ago | Insider Cluster | $43.76 $41.46 | ▼ −5.26% | ▼ −3.30% | $38.56 (−11.88%) |
Aug 10, 2026 7w ago | 144 | $42.56 $44.21 | ▲ +3.88% | ▲ +4.94% | $38.56 (−9.40%) |
Jun 11, 2026 16w ago | Institutional Cluster | $39.19 $32.75 | ▼ −16.43% | ▼ −18.32% | $38.56 (−1.61%) |
May 6, 2026 21w ago | 8-K | $36.90 $38.44 | ▼ −4.17% | ▼ −1.04% | $38.56 (−4.50%) |
Mar 4, 2026 30w ago | 8-K | $34.13 $34.81 | ▲ +1.99% | ▲ +5.78% | $38.56 (+12.98%) |
US Market Status
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