Given the trivial size relative to market cap and lack of C-suite participation, these sales carry no directional signal. Monitor for any upcoming 8-K or press release that could explain director-level selling, but no immediate trading action warranted.
Price Chart
Executive Summary
Director Timothy Clossey sold $1.1M worth of PARR shares in two open-market trades (Aug 14 & Aug 17), adding to a $221K sale by another insider on Aug 7, forming a two-person cluster of $1.3M in total sales over a 7-day window. At ~0.03% of the $4.1B market cap, the dollar value is trivial and does not meet the proportionality threshold for a material signal.
Key Financial Metrics
Key Facts
- Director Timothy Clossey sold 13,436 shares total across Aug 14 ($653K) and Aug 17 ($450K) at ~$82/share.
- Total insider cluster sales amount to $1.3M over 7 days.
- Sales represent ~0.03% of the $4.1B market cap—well below the 0.1% materiality floor.
- No C-suite executives participated in the cluster; only a director and a non-C-suite officer sold.
- Academic literature assigns weak predictive power to insider sales clusters, especially when driven by a single director.
Financial Impact
$1.3M in total insider sales, ~0.03% of market cap
Risk Factors
- Insider sales could accelerate if a broader macro or sector-specific catalyst emerges (e.g., oil price decline).
- Director selling without a stated 10b5-1 plan introduces modest uncertainty about their view of near-term valuation.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-PARR-1787120838268 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 28, 2026 29d ago | Press Release | $77.97 $87.52 | ▲ +12.25% | ▲ +11.04% | $77.15 (−1.05%) |
Sep 15, 2026 5w ago | Insider Cluster | $84.90 $76.97 | ▼ −9.34% | ▼ −11.17% | $77.15 (−9.13%) |
Sep 11, 2026 6w ago | Insider Cluster | $81.70 $82.00 | ▼ −0.37% | ▼ −0.26% | $77.15 (+5.57%) |
Aug 26, 2026 8w ago | Institutional Cluster | $75.77 $80.16 | ▲ +5.79% | ▲ +5.91% | $77.15 (+1.82%) |
Aug 25, 2026 8w ago | Press Release | $75.77 $80.16 | ▲ +5.79% | ▲ +5.91% | $77.15 (+1.82%) |
Aug 19, 2026 9w ago | Insider Cluster | $72.45 $77.04 | ▲ +6.34% | ▲ +5.22% | $77.15 (+6.49%) |
Aug 18, 2026 9w ago | Insider Cluster | $77.13 $75.77 | ▼ −1.76% | ▼ −1.38% | $77.15 (+0.03%) |
Aug 11, 2026 11w ago | Insider Cluster | $75.47 $80.51 | ▼ −6.68% | ▼ −7.08% | $77.15 (−2.23%) |
Aug 4, 2026 11w ago | Press Release | $69.92 $77.78 | ▲ +11.24% | ▲ +10.89% | $77.15 (+10.34%) |
May 11, 2026 24w ago | Press Release | $63.08 $58.79 | ▼ −6.80% | ▼ −6.88% | $77.15 (+22.31%) |
US Market Status
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