Insider Buying: Global Energy Advisors Sas 4D Acquires 600,000 Shares of Independence Contract Drilling Stock (ICD)
Independence Contract Drilling (NYSE:ICD) major shareholder Global Energy Advisors Sas 4D acquired 600,000 shares of Independence Contract Drilling stock on the open market in a transaction that occurred on Wednesday, August 13th. The stock was purchased at an average cost of $11.00 per share, with a total value of $6,600,000.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Major shareholders that own more than 10% of a company’s shares 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 1-year low of $10.61 and a 1-year high of $11.61. The stock’s 50-day moving average is $11.01 and its 200-day moving average is $11.01. The company’s market cap is $134.8 million.
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