'Top Buys by Directors: Hamm

Top Buys by Directors: Hamm's $7.8M Bet on CLR

Shutterstock photo 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 $7.8M invested across 3 purchases by Harold Hamm, CEO & Chairman at Continental Resources Inc. (Symbol: CLR). Purchased Insider Title Shares Price/Share Value 02/27/2018 Harold Hamm CEO & Chairman 99,028 $50.26 $4,977,440.36 03/02/2018 Harold Hamm CEO & Chairman 31,995 $48.74 $1,559,425.69 03/05/2018 Harold Hamm CEO & Chairman 25,886 $50.59 $1,309,624.65 Hamm's average cost works out to $50.01..