Insiders Were Right: CLR Makes New 52-Week High

In trading on Wednesday, shares of Continental Resources Inc. (Symbol: CLR) touched a new 52-week high of $55.78/share. That’s a 203.15% rise, or $37.38 per share from the 52-week low of $18.40 set back on 01/27/2021. 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 3 different instances of insiders buying over the trailing six month period.

Purchased Insider Title Shares Price/Share Value
09/15/2021 Harold Hamm Director 261,709 $41.99 $10,988,119.89
11/05/2021 John T. McNabb II Director 2,000 $45.71 $91,420.00
11/09/2021 Harold Hamm Director 108,500 $47.69 $5,174,415.21
11/16/2021 Ellis L. McCain Director 10,000 $48.15 $481,497.00
12/03/2021 Harold Hamm Director 117,020 $43.33 $5,070,746.24
12/02/2021 Harold Hamm Director 250,000 $44.05 $11,012,128.76

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

In afternoon trading on Wednesday, CLR shares are changing hands at $55.47/share, slightly below the new 52-week high.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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