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Insiders Were Right: CLR Makes New 52-Week High

By Market News Video Staff, Wednesday, February 24, 1:05 PM ET
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In trading on Wednesday, shares of Continental Resources Inc. (CLR) touched a new 52-week high of $26.22/share. That's a 280.00% rise, or $19.32 per share from the 52-week low of $6.90 set back on 04/01/2020. That means at today's intraday high, any investor who purchased CLR stock any time over the past 52 weeks has an unrealized gain, including company insiders.

Over the past six months, insiders have been scooping up shares, and those bets are now paying off handsomely. As summarized by the table below, CLR has seen 2 different instances of insiders buying over the trailing six month period.

Purchased Insider Title Shares Price/Share Value
09/25/2020 Harold Hamm Executive Chairman 769,235 $12.68 $9,750,438.24
12/28/2020 Timothy Garth Taylor Director 5,917 $17.00 $100,603.20

The chart below shows where CLR has traded over the past year, with the 50-day and 200-day moving averages included.

Continental Resources Inc. Moving Averages Chart

In afternoon trading on Wednesday, CLR shares are changing hands at $25.99/share, slightly below the new 52-week high.

This Article's Word Cloud:   Bargains   Chairman   Cheaper   Continental   Director   Executive   Garth   Hamm   Harold   Insider   Insiders   Over   Price   Purchased   Resources   Share   Shares   Start   Taylor   Than   That   Timothy   Title   Value   Wednesday   afternoon   averages   back   been   below   bets   buying   changing   chart   company   different   from   gain   hands   handsomely   have   high   included   insiders   over   past   share   shares   trading   week
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Insiders Were Right: CLR Makes New 52-Week High | Market News Video | Copyright © 2008 - 2024, All Rights Reserved

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