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

Featured MNV Articles:

Atwood Oceanics (ATW) Shares Cross Below 200 DMA
Wednesday, July 27, 3:52 PM ET, by Market News Video Staff

In trading on Wednesday, shares of Atwood Oceanics, Inc. (ATW) crossed below their 200 day ...

Nabors Industries Breaks Below 200-Day Moving Average - Notable for NBR
Thursday, July 28, 4:12 PM ET, by Market News Video Staff

In trading on Thursday, shares of Nabors Industries Ltd. (NBR) crossed below their 200 day ...

Dril-Quip (DRQ) Shares Enter Oversold Territory
Friday, July 29, 11:23 AM ET, by Market News Video Staff

In trading on Friday, shares of Dril-Quip Inc (DRQ) entered into oversold territory, changing hands ...

Noteworthy Friday Option Activity: CRR, MCRB, BID
Friday, July 29, 11:30 AM ET, by Market News Video Staff

Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume ...

Analysts Forecast 14% Upside For The Holdings of XES
Monday, August 1, 7:49 AM ET, by Market News Video Staff

Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, ...

  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 | www.EnergyStockChannel.com | Copyright © 2010 - 2016, 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.