Significant Insider purchase of Continental Resources (CLR) Shares Extends the Buying Trend of Last Quarter

Wednesday, March 07, 2018 10:15 PM ET

Significant Insider purchase of Continental Resources (CLR) Shares Extends the Buying Trend of Last Quarter

One insider — Harold Hamm, 10% Owner, Director and Officer — today, bought 25,886 shares of Continental Resources having a market value of approximately $1,309,625, as disclosed in a form 4 document filed with the SEC. There have been 6 insiders with buy/sell transactions in the past 90 days prior to this filing. These trades have resulted in the purchase of 131,023 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 104,035 shares and have averaged 29,969 shares per transaction over this time period.

Over the last 90 days, the number of insider buy/sell trades at Continental Resources is higher than its 197-company peer group average. The Oil & Gas Exploration and Production peer group saw 166 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 45,913,012 shares purchased and 2,321,091 shares sold with company insiders purchasing 399,926 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 sourced 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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