Chairman and CEO of Magnum Hunter Resources Inc. (MHR) Gary C Evans sells 200,000 shares of MHR on 06/29/2012 at an average price of $4.06 a share.

Magnum Hunter Resources Corp has a market cap of $657.1 million; its shares were traded at around $4.18 with and P/S ratio of 5.1.

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

CEO Recent Trades:

• Chairman and CEO Gary C Evans sold 75,000 shares of MHR stock on 06/15/2012 at the average price of 4.13. Gary C Evans owns at least 5,113,426 shares after this. The price of the stock has increased by 1.21% since.
• Chairman and CEO Gary C Evans sold 50,000 shares of MHR stock on 06/11/2012 at the average price of 3.96. Gary C Evans owns at least 5,188,426 shares after this. The price of the stock has increased by 5.56% since.

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 12.67% 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 increased by 5.29% 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 35.09% 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 39.51% since.

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

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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