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Top Buys by Directors: Taylor's $100.6K Bet on CLR

By Energy Stock Channel Staff, Wednesday, April 21, 1:19 PM ET
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The directors of a company tend to have a unique inside view into the business, so when directors make major buys, investors are wise to take notice. Presumably the only reason a director of a company would choose to take their hard-earned cash and use it to buy stock in the open market, is that they expect to make money — maybe they find the stock very undervalued, or maybe they see exciting progress within the company, or maybe both. So in this series we look at the largest insider buys by company directors over the trailing six month period, one of which was a total of $100.6K by Timothy Garth Taylor, Director at Continental Resources Inc. (CLR).

Taylor bets big on CLR:

Purchased Insider Title Shares Price/Share Value
12/28/2020 Timothy Garth Taylor Director 5,917 $17.00 $100,603.20

Taylor's average cost works out to $17.00/share. Shares of Continental Resources Inc. were changing hands at $25.81 at last check, trading up about 1.3% on Wednesday. The chart below shows the one year performance of CLR shares, versus its 200 day moving average:

Continental Resources Inc. Chart

Looking at the chart above, CLR's low point in its 52 week range is $11.09 per share, with $32.3881 as the 52 week high point — that compares with a last trade of $25.81.


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This Article's Word Cloud:   Buys   Company   Continental   Director   Directors   Dividends   Free   Garth   Insider   Looking   Presumably   Price   Purchased   Report   Resources   Share   Shares   Start   Taylor   Timothy   Title   Value   Wednesday   about   above   average   below   bets   both   business   buys   cash   changing   chart   check   choose   company   directors   last   make   maybe   mdash   point   share   stock   take   that   they   week   with

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