Insider Buying: Memorial Resource Development Corp CEO Acquires 110,000 Shares of Stock (MRD)
Memorial Resource Development Corp (NYSE:MRD) CEO John A. Weinzierl purchased 110,000 shares of Memorial Resource Development Corp stock on the open market in a transaction dated Friday, June 13th. The stock was purchased at an average price of $19.00 per share, with a total value of $2,090,000.00. The acquisition was disclosed in a filing with the SEC, which is available at this link.
Shares of Memorial Resource Development Corp (NYSE:MRD) traded up 4.38% on Monday, hitting $23.13. 3,289,954 shares of the company’s stock traded hands. Memorial Resource Development Corp has a 1-year low of $21.07 and a 1-year high of $22.73. The stock’s 50-day moving average is $22. and its 200-day moving average is $22.. The company has a market cap of $4.453 billion and a price-to-earnings ratio of 71.48.
Memorial Resource Development Corp. is an independent natural gas and oil company focused on the exploitation, development, and acquisition of natural gas, NGL and oil properties with a its activity in the Terryville Complex of North Louisiana, where the Company is targeting over pressured, liquids-rich natural gas opportunities in multiple zones in the Cotton Valley formation.
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