Continental Resources (CLR) CEO Hamm Buys $7.2M; Shares Higher

May 21, 2012 9:45 AM EDT Send to a Friend
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Continental Resources (NYSE: CLR) shares are higher Monday following disclosure late Friday of a large insider purchase.

According to a Form 4 filed with the U.S. SEC, CEO Harold Hamm bought 100,000 shares of the stock on May 16th. Based on the average transaction prices, gross value of the trades were about $7.17 million.

Following the purchases, Hamm holds an aggregate of 123,259,048 shares directly.

Continental Resources stock is up about 4 percent Monday morning.


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