Director Pate sells 67,700 shares of PARR at $16.22; stock down -59.2% from 52-week high, P/E 2.96.
Director William Pate sold 67,700 shares (11.4% of his pre-transaction holdings) on 2024-12-12 at $16.22, leaving him with 524,610 shares. The transaction occurs as PARR trades at $16.46 current price, down -59.2% from its 52-week high of $40.38 and down -4.9% over the trailing 30 days. Pate's cross-ticker track record shows 3 prior open-market sells with an average 90-day return of +7.4% and a 90-day well-timed rate of 33.33%, suggesting his sells have historically coincided with periods when stocks subsequently rose. At PARR specifically, his prior 3 sells were mixed: two in late November 2023 showed strong subsequent performance (+5.4% and +5.3% at 30 days, +16.3% and +11.6% at 90 days), while the August 2024 sale showed minimal near-term gain (+0.3% at 30 days, -5.7% at 90 days). With fundamentals showing $2.1B in revenue, $7.5M net income, and a tight P/E of 2.96, the stock appears inexpensive by conventional metrics, yet price action remains weak.