Insider Buying: Christopher Cline Acquires 125,000 Shares of Foresight Energy Stock (FELP)
Foresight Energy (NASDAQ:FELP) Director Christopher Cline purchased 125,000 shares of Foresight Energy stock in a transaction that occurred on Wednesday, June 18th. The shares were purchased at an average cost of $20.00 per share, for a total transaction of $2,500,000.00. Following the completion of the acquisition, the director now directly owns 32,779,281 shares of the company’s stock, valued at approximately $655,585,620. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of Foresight Energy (NASDAQ:FELP) traded up 2.35% during mid-day trading on Friday, hitting $19.57. The stock had a trading volume of 459,118 shares. Foresight Energy has a 52-week low of $18.75 and a 52-week high of $20.20. The stock has a 50-day moving average of $19. and a 200-day moving average of $19..
Foresight Energy LP is an underground coal producer in the United States. The Company operates four underground mining complexes, all in the Illinois Basin region of the United States.
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