J. Larry Nichols, EXECUTIVE CHAIRMAN at DEVON ENERGY CORP/DE (DVN), sold 958,038 shares at $52.19 ($50.0M) on 2012-12-17, disclosed to the SEC on 2012-12-19.
Seasonal sale ($50.0M) by EXECUTIVE CHAIRMAN — this insider has traded DVN in December in at least three consecutive prior years. Pattern-driven, low signal.
Negative factors outweigh the positive ones.