Insider buy at Continental Resources (CLR) Extends the Trend of purchases over Last Quarter

Monday, March 05, 2018 10:15 PM ET

Insider buy at Continental Resources (CLR) Extends the Trend of purchases over Last Quarter

There was significant purchase activity in Continental Resources shares by an insider today, as disclosed in a form 4 document filed with the SEC. One insider — Harold Hamm, 10% Owner, Director and Officer — bought 31,995 shares in the company having a market value of approximately $1,559,426. There have been 6 insiders with buy/sell transactions in the past 90 days prior to this filing. These trades have resulted in the acquisition of 99,028 company shares and the disposition of 52,874 company shares over this time period. Adding the most recent activity to this 90-day history indicates insider trades have been net purchases of 78,149 shares and have averaged 26,271 shares per transaction over this time period.

The number of insider buy/sell trades at Continental Resources is greater than that of the 197 peer company average over the last 90-day period. The Oil & Gas Exploration and Production peer group saw 158 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 45,527,425 shares purchased and 2,308,900 shares sold with company insiders having bought 419,597 shares on average over this time period.

In order to focus on significant insider buying and selling activity, all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers has been eliminated 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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