Insider Buying: Independence Contract Drilling major shareholder Acquires 600,000 Shares of Stock (ICD)
Independence Contract Drilling (NYSE:ICD) major shareholder Global Energy Advisors Sas 4D purchased 600,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 13th. The stock was purchased at an average price of $11.00 per share, for a total transaction of $6,600,000.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.
Independence Contract Drilling (NYSE:ICD) traded up 0.46% on Friday, hitting $11.00. The stock had a trading volume of 64,830 shares. Independence Contract Drilling has a 52 week low of $10.61 and a 52 week 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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