|Day Low/High||36.54 / 38.47|
|52 Wk Low/High||2.35 / 49.14|
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 December 30, Resolute Energy Corp's Director, Gary Hultquist, invested $81,398.00 into 2,000 shares of REN, for a cost per share of $40.70.
In recent trading, shares of Resolute Energy Corp have crossed above the average analyst 12-month target price of $38.33, changing hands for $39.12/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level.
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Trade-Ideas LLC identified Resolute Energy (REN) as a strong on high relative volume candidate