Callon Petroleum (NYSE:CPE – Get Rating)’s share price fell 5.5% during mid-day trading on Wednesday after an insider sold shares in the company. The stock traded as low as $57.16 and last traded at $57.63. 5,965 shares changed hands during trading, a decline of 100% from the average session volume of 2,118,508 shares. The stock had previously closed at $60.98.Specifically, Director S P. Iv Johnson sold 1,200 shares of the stock in a transaction dated Monday, December 20th. The shares were sold at an average price of $42.71, for a total value of $51,252.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Primexx Energy Partners, Ltd sold 5,225 shares of the company’s stock in a transaction dated Friday, March 4th. The shares were sold at an average price of $60.02, for a total transaction of $313,604.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 727,930 shares of company stock worth $43,199,082. 2.10% of the stock is owned by company insiders.