Sr. VP & CFO of CONTINENTAL RESRCES (CLR) John D Hart sells 5,500 shares of CLR on 12/03/2010 at an average price of $56.5 a share.

Continental Resrces has a market cap of $9.85 billion; its shares were traded at around $57.91 with a P/E ratio of 35.7 and P/S ratio of 15.7.

CLR is in the portfolios of Richard Aster Jr of Meridian Fund, John Keeley of Keeley Fund Management, Jeremy Grantham of GMO LLC, Steven Cohen of SAC Capital Advisors.

This is the annual revenues and earnings per share of CLR over the last 10 years. For detailed 10-year financial data and charts, go to 10-Year Financials of CLR.

CEO Recent Trades:

• Buy: CEO & Chairman, 10% Owner Harold Hamm bought 10,000 shares of CLR stock on 08/25/2010 at the average price of 39.12. Harold Hamm owns at least 123,701,708 shares after this. The price of the stock has increased by 48.03% since.


• Buy: CEO & Chairman, 10% Owner Harold Hamm bought 40,000 shares of CLR stock on 08/16/2010 at the average price of 42.63. Harold Hamm owns at least 123,691,708 shares after this. The price of the stock has increased by 35.84% since.

This is the insider trade history vs. stock price of CLR. For the complete insider trading history of CLR, click here.

Directors and Officers Recent Trades:

• Buy: Sr. Vice President, Operations Richard E Muncrief bought 1,000 shares of CLR stock on 08/16/2010 at the average price of 42.66. Richard E Muncrief owns at least 27,931 shares after this. The price of the stock has increased by 35.75% since.


• Sell: Director Mark E Monroe sold 10,000 shares of CLR stock on 12/02/2010 at the average price of 55.4. Mark E Monroe owns at least 123,690 shares after this. The price of the stock has increased by 4.53% since.


• Sell: Director Robert J Grant sold 1,500 shares of CLR stock on 11/26/2010 at the average price of 53.91. Robert J Grant owns at least 20,499 shares after this. The price of the stock has increased by 7.42% since.


• Sell: Director H R Jr Sanders sold 2,000 shares of CLR stock on 11/23/2010 at the average price of 53.18. H R Jr Sanders owns at least 21,999 shares after this. The price of the stock has increased by 8.89% since.


• Sell: Director Mark E Monroe sold 10,000 shares of CLR stock on 09/29/2010 at the average price of 46.37. Mark E Monroe owns at least 130,357 shares after this. The price of the stock has increased by 24.89% since.

Why CEOs Are Buying Stocks Of Their Own Companies?

1. As legendary investor Peter Lynch said: "Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise."
2. TOP EXECUTIVES like CEOs and CFOs are savvy buyers of their companies' shares. One long-term study showed that they beat the market on average by six percentage points a year.
3. Another study found that the aggregated activities of insiders can serve as a good indicator to locate market bottoms. Insiders as a whole are smart investors of their own companies.

Click it to Check Out What the CEO Are Trading

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