Insider Buying: Independence Contract Drilling Director Buys 3,000 Shares of Stock (ICD)
Independence Contract Drilling (NYSE:ICD) Director Matthew D. Fitzgerald purchased 3,000 shares of the company’s stock on the open market in a transaction dated Wednesday, August 13th. The stock was purchased at an average cost of $11.00 per share, for a total transaction of $33,000.00. Following the completion of the transaction, the director now directly owns 10,850 shares of the company’s stock, valued at approximately $119,350. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Independence Contract Drilling (NYSE:ICD) traded up 0.46% on Friday, hitting $11.00. 64,830 shares of the company’s stock traded hands. Independence Contract Drilling has a 1-year low of $10.61 and a 1-year high of $11.61. The stock has a 50-day moving average of $11.0 and a 200-day moving average of $11.0. The company’s market cap is $134.8 million.
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