Insider Bets Paying Off At CLR As New 52-Week High Reached

In trading on Friday, shares of Continental Resources Inc. ( CLR) touched a new 52-week high of $160.60/share. That's a 74.58% rise, or $68.61 per share from the 52-week low of $91.99 set back on 08/30/2013. That means at today's intraday high, any investor who purchased CLR stock any time over the past 52 weeks has an unrealized gain, including company insiders.

Over the past six months, insiders have been scooping up shares, and those bets are now paying off handsomely. As summarized by the table below, CLR has seen 2 different instances of insiders buying over the trailing six month period.

Ten Bargains You Can Buy Cheaper Than The Insiders Did »

Purchased Insider Title Shares Price/Share Value
02/28/2014 John T. McNabb II Director 1,000 $118.67 $118,674.60
05/20/2014 Harold Hamm CEO & Chairman 42,300 $134.46 $5,687,628.39
05/30/2014 John T. McNabb II Director 500 $141.02 $70,512.00

The chart below shows where CLR has traded over the past year, with the 50-day and 200-day moving averages included.

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