Finance

Analyzing the Insider Data for Continental Resources, Inc. (CLR)

Recent insider trends for Continental Resources, Inc. (NYSE:CLR) have caught the attention of investors. Insider activity is often a strong indicator of future performance in a stock, and if the data on CLR is anything to go by, investors should pay attention.

Institutions own 22.52% of Continental Resources, Inc. (CLR)’s shares. The total value of these holdings, in millions, is $4,326. Among active positions in the latest quarter, 161 holders increased their positions by a total of 11.8 million shares, 175 holders decreased the positions by a total of 15.29 million shares, and 65 holders held their positions. This works out to a net decrease in ownership of 3.48 million shares, and suggests that institutions are feeling bearish about the stock.

Among new and sold out positions, 69 holders initiated new positions by a total of 5.83 million shares and 45 holders exited their positions by a total of 2.07 million shares. This nets out to an increase of 3.76 million shares and is a bullish sign for CLR.

In the last three months, insiders executed a total of 10 trades. 10 were sells. Insider ownership decreased by a total of 80774 shares, which suggests that CLR’s key executives are feeling less optimistic about the outlook for the stock. The data from the past twelve months tells a different story: insiders executed 20 buys and 26 sells, and ownership increased by a net of 322831 shares.



Short interest is another tool that analysts use to gauge investor sentiment. It represents the number of a stock’s shares that are being shorted by investors. Continental Resources, Inc. (NYSE:CLR)’s short interest is 12.72 million shares, or 15.39% of the float. This represents a decrease of -12% in the number of shares being shorted compared to the previous reading, and implies that investors felt less pessimistic about the stock during the past two weeks.

Supplementing insider data with technical indicators can help an investor form a more complete view on the outlook for a stock. A composite of 13 technical indicators that includes measures such as moving averages and momentum oscillators suggests that CLR is a Weak buy, which implies that CLR is expected to outperform the market based on prior trading patterns.

Conclusion




Institutional ownership trends suggest that the stock is cheap and the insider trading data indicates that insiders are bearish. Technical indicators (also) suggest that Continental Resources, Inc. (NYSE:CLR) is undervalued.

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