Significant Insider buy of Continental Resources (CLR) Shares Reverses Selling Trend of Last Quarter

Wednesday, February 28, 2018 10:15 PM ET

Significant Insider buy of Continental Resources (CLR) Shares Reverses Selling Trend of Last Quarter

An insider — Harold Hamm, 10% Owner, Director and Officer — acquired 99,028 shares of Continental Resources having a market value of approximately $4,977,440 today, as revealed in a form 4 document filed with the SEC. There have been 5 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the selling of 52,874 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net purchases of 46,154 shares and have averaged 25,317 shares per transaction over this time period.

The number of insider buy/sell trades at Continental Resources is above that of the 197 peer company average over the last 90-day period. The Oil & Gas Exploration and Production peer group saw 154 buy/sell trades during this period for an average of 0.8 transactions per company. However, the number of shares traded per transaction by Continental Resources insiders is lower than its peers. Within the peer group there were 44,873,161 shares purchased and 2,362,623 shares sold with company insiders acquiring 433,781 shares on average over this time period.

For the purpose of evaluating significant insider buying and selling all trades reported to the SEC that involve awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers have been eliminated in data used to create and write this story.

Using proprietary Natural Language Generation (NLG) technology, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.

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