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Magnum Hunter Resources Inc. (MHR) Chairman and CEO Gary C Evans sells 50,000 Shares

June 13, 2012 | About:
insider

insider

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Chairman and CEO of Magnum Hunter Resources Inc. (MHR) Gary C Evans sells 50,000 shares of MHR on 06/11/2012 at an average price of $3.96 a share.

Magnum Hunter has a market cap of $692.6 million; its shares were traded at around $3.75 with and P/S ratio of 5.4.


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




Directors and Officers Recent Trades:


  • Director Stephen C Hurley bought 10,000 shares of MHR stock on 06/05/2012 at the average price of 3.71. Stephen C Hurley owns at least 26,683 shares after this. The price of the stock has increased by 1.08% since.
  • Director Victor G Carrillo bought 2,020 shares of MHR stock on 05/30/2012 at the average price of 3.97. Victor G Carrillo owns at least 7,135 shares after this. The price of the stock has decreased by 5.54% since.
  • Director James Raleigh Bailes sold 20,000 shares of MHR stock on 03/30/2012 at the average price of 6.44. James Raleigh Bailes owns at least 98,737 shares after this. The price of the stock has decreased by 41.77% since.
  • Director James Raleigh Bailes sold 25,000 shares of MHR stock on 03/09/2012 at the average price of 6.91. James Raleigh Bailes owns at least 118,737 shares after this. The price of the stock has decreased by 45.73% since.


For the complete insider trading history of MHR, click here.

About the author:

GuruFocus - Stock Picks and Market Insight of Gurus

Tickers in the article:

  • CEO Buys, CFO Buys: Stocks that are bought by their CEO/CFOs.
  • Insider Cluster Buys: Stocks that multiple company officers and directors have bought.
  • Double Buys:: Companies that both Gurus and Insiders are buying
  • Triple Buys: Companies that both Gurus and Insiders are buying, and Company is buying back.

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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


Rating: 4.0/5 (2 votes)

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