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.

START SLIDESHOW:
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.

Continental Resources Inc. Moving Averages Chart

In afternoon trading on Friday, CLR shares are changing hands at $159.14/share, slightly below the new 52-week high.

More from Stocks

Steel Stocks Are Monday's Biggest Losers From Cooling China Trade Tensions

Steel Stocks Are Monday's Biggest Losers From Cooling China Trade Tensions

Tesla's $78,000 Model 3 Is a Bargain. Here's Why

Tesla's $78,000 Model 3 Is a Bargain. Here's Why

Is Tesla's Stock Set to Nearly Double to $500?

Is Tesla's Stock Set to Nearly Double to $500?

Dow Rises Sharply as U.S.-China Trade Tensions Thaw

Dow Rises Sharply as U.S.-China Trade Tensions Thaw

GE's $11.1 Billion Deal With Wabtec Should Have Warren Buffett Feeling Very Sad

GE's $11.1 Billion Deal With Wabtec Should Have Warren Buffett Feeling Very Sad