The Pension Plan Investment Board Canada reported the sale of 3,500,000 shares of California Resources Corp (CRC) on March 12, 2026. The transaction, valued at approximately $213.85 million, occurred at an average price of $61.10 per share.
This significant divestment by the Pension Plan Investment Board Canada is part of a recent wave of insider selling activity in CRC. Other notable sales include transactions by Christopher D. Gould, Omar Hayat, Mark Allen McFarland, and Noelle M. Repetti, occurring between March 5th and March 11th, 2026.
Insider sales can be motivated by various factors, including portfolio diversification, tax planning, or adherence to pre-arranged trading plans, and do not necessarily indicate a negative sentiment towards the company's future prospects.