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Parsley Energy (NYSE:PE) Insider Matthew Gallagher unloaded 60,606 shares of the company’s stock on the open market in a transaction dated Thursday, May 29th. The stock was sold at an average price of $17.48, for a total value of $1,059,392.88. Following the sale, the insider now directly owns 1,230,088 shares in the company, valued at approximately $21,501,938. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Shares of Parsley Energy (NYSE:PE) traded up 2.31% on Monday, hitting $24.32. 1,146,776 shares of the company’s stock traded hands. Parsley Energy has a 52 week low of $21.19 and a 52 week high of $24.18. The stock’s 50-day moving average is $23.1 and its 200-day moving average is $23.1. The company’s market cap is $2.717 billion.

Parsley Energy, Inc is an independent oil and natural gas company. The Company is focused on the acquisition, development and exploitation of unconventional oil and natural gas reserves in the Permian Basin.

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