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Insider Buy Mega Buy ($1M+) New Position June 22, 2020

Hamm Harold purchased ~$78M in Continental Resources, Inc. stock

Continental Resources, Inc. (CLR)  ·  Executive Chairman  ·  Data via SEC EDGAR Form 4

Verity Signals Research Published Updated

= insider buy date

90-day return

-18.9%

vs SPY +5.7%

CLR price after insider trade by Hamm Harold

Insider

Hamm Harold

Role

Executive Chairman

Transaction

Open-Market Purchase

Approx. Value

~$78M

Trade Date

Jun 22, 2020

Company

Continental Resources, Inc.

Ticker

CLR

Source

SEC EDGAR Form 4

Strong conviction signal

Scored above average across multiple factors. Roughly 15% of insider trades qualify as Strong.

~$78M purchase

Trades over $1M are rare. When insiders put this much of their own money on the line, they tend to have high conviction in their company's direction.

Executive Chairman

Corporate insiders must file trades with the SEC within 2 business days. Their unique access to non-public information makes these filings valuable data points.

-18.9% in 90 days (S&P 500: +5.7%)

This trade underperformed the S&P 500 by 24.6 percentage points. Not every insider trade wins. We track all of them so you can focus on the insiders with the best records.

HH

How good is Hamm Harold at picking stocks?

Full track record: win rate, average return, and performance vs S&P 500

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On June 22, 2020, Hamm Harold — Executive Chairman of Continental Resources, Inc. — filed a Form 4 with the SEC disclosing an open-market purchase of approximately ~$78M in Continental Resources, Inc. (CLR) stock.

Under Section 16(a) of the Securities Exchange Act of 1934, corporate insiders must report all open-market stock transactions to the SEC within two business days. These filings — known as Form 4s — are publicly available on the SEC's EDGAR database. VeritySignals filters and scores the full Form 4 stream to surface high-conviction signals like this one.

In the 90 days following this trade, CLR returned -18.9% versus +5.7% for the S&P 500 over the same period.

Full Conviction Analysis

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All data sourced from publicly available SEC Form 4 filings via EDGAR · Not financial advice · Past performance does not guarantee future results.

Signal strength Strong
Trade size ~$78M
Insider role Executive Chairman
90-day return -18.9%
vs S&P 500 -24.6%

What is this?

When company executives buy or sell their own stock, they must report it to the SEC within 2 days. These public filings reveal what the people who know the company best are doing with their own money.

Why does it matter?

Insiders can sell for many reasons (taxes, diversification, expenses), but they generally only buy for one: they think the stock is going up. That's why insider purchases are more predictive than sales.

What makes a trade "strong"?

We score trades on 15+ factors: the insider's role (CEO > director), trade size relative to their salary, whether other insiders also bought (clusters), and historical accuracy of the insider.

Read our full methodology →

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