Energy Stock Channel
Market News Video Self Directed Investor The Warren Buffetts Next Door
Free Dividend Report - Top Ranked Stocks

Featured MNV Articles:

Bullish Two Hundred Day Moving Average Cross - MTRX
Thursday, August 6, 11:48 AM ET, by Market News Video Staff

In trading on Thursday, shares of Matrix Service Co. (MTRX) crossed above their 200 day ...

Top Buys by Directors: Morris's $5.8M Bet on CRR
Tuesday, August 11, 1:11 PM ET, by Market News Video Staff

The directors of a company tend to have a unique inside view into the business, ...

UNT Crosses Critical Technical Indicator
Thursday, August 13, 11:59 AM ET, by Market News Video Staff

In trading on Thursday, shares of Unit Corp. (UNT) entered into oversold territory, changing hands ...

SPN Breaks Above 2% Yield Territory
Tuesday, August 18, 3:30 PM ET, by Market News Video Staff

In trading on Tuesday, shares of Superior Energy Services, Inc. (SPN) were yielding above the ...

Carbo Ceramics (CRR) Shares Enter Oversold Territory
Thursday, August 20, 11:29 AM ET, by Market News Video Staff

In trading on Thursday, shares of Carbo Ceramics Inc. (CRR) entered into oversold territory, changing ...

  More articles:  1 2 3 4 5 6 7 next »

Snag Shares of CRR Cheaper Than the CEO Did

By Energy Stock Channel Staff, Thursday, January 31, 11:01 AM ET
Play Video: One Reason For Insiders to Buy

If the video does not load after a few moments, Upgrade to the Latest Flash Player.

There's an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on November 7, Carbo Ceramics Inc.'s CEO, Gary A. Kolstad, invested $36,900.00 into 500 shares of CRR, for a cost per share of $73.80. Bargain hunters tend to pay particular attention to insider buys like this one, because presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money.

In trading on Thursday, bargain hunters could buy shares of Carbo Ceramics Inc. (NYSE:CRR) and achieve a cost basis even cheaper than Kolstad, with shares changing hands as low as $73.27 per share. It should be noted that Kolstad has collected $0.27/share in dividends since the time of their purchase, so they are currently down 0.4% on their purchase from a total return basis. Carbo Ceramics Inc. shares are currently trading up about 7.4% on the day. The chart below shows the one year performance of CRR shares, versus its 200 day moving average:

Carbo Ceramics Inc. Chart

Looking at the chart above, CRR's low point in its 52 week range is $60.33 per share, with $110.66 as the 52 week high point that compares with a last trade of $79.95. By comparison, below is a table showing the prices at which insider buying was recorded over the last six months:

Purchased Insider Title Shares Price/Share Value
11/01/2012 Gary A. Kolstad President and CEO 1,000 $74.31 $74,310.00
11/02/2012 Gary A. Kolstad President and CEO 1,000 $75.85 $75,850.00
11/07/2012 Gary A. Kolstad President and CEO 500 $73.80 $36,900.00

According to the ETF Finder at ETF Channel, CRR makes up 2.17% of the SPDR S&P Oil & Gas Equipment & Services ETF (AMEX:XES) which is trading up by about 0.1% on the day Thursday.

See what other ETFs contain CRR
See what other stocks are held by XES

Special Offer: Establish a secure stream of income during your retirement years by following the Retiree Income Portfolio with this free 30 day trial

This Article's Word Cloud:   Bargain   Carbo   Ceramics   Gary   Kolstad   President   Price   Share   Special   Thursday   Value   about   bargain   basis   below   buying   changing   chart   collected   cost   currently   earned   expect   hunters   insider   last   makes   many   only   open   other   point   possible   purchase   raquo   reason   reasons   share   shares   stock   that   their   they   this   trading   week   what   which   with   your

Snag Shares of CRR Cheaper Than the CEO Did | | Copyright © 2010 - 2015, All Rights Reserved

Nothing in Energy Stock Channel is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and energy stock videos powered by Market News Video. Quote data delayed at least 20 minutes; data powered by Ticker Technologies, and Mergent. Contact Energy Stock Channel; Meet Our Editorial Staff.