What Can History Teach Us About Continental Resources Inc. (CLR) and Adobe Inc. (ADBE)?

On Jun 06, Hamm Harold, CEO & Chairman bought 38,600 shares of Continental Resources Inc. (NYSE: CLR), with the average selling price of the stock being $38.76 per share. The total amount realized from this purchase $1,496,078. A document was filed with the Securities and Exchange Commission to notify the public about the purchase of the shares.

In addition to that, Director – McNabb John T II bought an extra 1,000 shares of this stock in a transaction that took place a day before, on Jun 05, with a share bought at an average of $39.88 and a total of $39,880 was realized from this transaction. After the transaction, the Director – McNabb John T II was left with 43,800 shares of the company’s stock, which is currently worth around $1746744.0.

The recent price movement of CLR means that it is now down by -40.98% from its 52-week high and 12.66% up against its 52-week low prices. Over the past one week, the price volatility of CLR stands at 3.55% while the volatility over the past one month is 4.10%. The beta score for this stock is 1.77. A beta score below 1 means that the stock has a low volatility while above 1 signifies that a stock is highly volatile at that particular moment, a data that traders use to keep tabs on their investments.

The company on 10/30/2019 published its latest quarterly earnings, with the report showing that the company recorded 0.54 earnings per share (EPS) during that period. This report was below the expectations of analysts of 0.61 by -0.07. The revenue by the firm was 1.12B for the quarter.

The shares of Continental Resources Inc. (CLR) gained by 0.56%, leading to a gain of $0.17 per share, and saw CLR end the trading session at $30.71 on Thursday 11/14/19. CLR started the trading session at $30.73, before reaching a daily high of $31.55. It wasn’t able to sustain that growth though and soon jumped to hit a daily low of $30.49.

The trading volume on Thursday stood at 2078116, which was below the stock’s 3-month average volume of 3.13 million shares, out of a total 80.41M shares. As the price of the stock climbed, the market valuation of the company gained to 11.50 billion.

The shares of Adobe Inc. (NASDAQ: ADBE) went up by 0.34% by the end of the recent trading session. This movement saw its price surge to close at $294.53, which was higher than the previous closing price of $293.54. Over the past one week, the price of ADBE has jumped by 1.29%, while it has recorded a gain of 8.01% over the past one month. Its three-month performance saw ADBE gain 2.46% while its six-month performance saw it surge by 5.25%. The situation is different though over the past one year, as the stock price went up by 23.37%, while its year-to-date (YTD) price performance jumped by 30.18%. The stock price has gone up by +13.47% compared to its 90-day low, while it is down -0.19% compared to its 90-day high price.

Let’s take a look at its short, medium and long-term indicators. Composite Indicators shows that Trendspotter rated the stock as a Buy. In the short-term, the stock has a 20-day average volume of 2,745,910 shares, with the short-term indicators averagely rating the stock as a 50% Buy. A look at its medium-term indicators reveals that it has a 50-Day average volume of 2,973,248 shares and the indicators have an average rating of 50% Sell. The last indicators, the long-term see ADBE stock with a 100-Day average volume of 2,564,018 shares, giving it an average rating of 100% Buy. A look at the general picture of all short, medium and long-term indicators leaves ADBE with an average rating of 40% Buy.

Several brokerage firms sent out their reports ADBE stock not long ago. In its report sent out on November 13, 2019, Piper Jaffray lowered its ratings on ADBE to a Overweight. In an earlier report on October 21, 2019, BMO Capital Markets Reiterated the stock to a Outperform. Citigroup meanwhile in its report on October 16, 2019 Downgrade its rating of the stock from a “Neutral” to “Neutral”.

In related news to the company’s stock, around 89.80% shares are being held by institutional investors. In a recent SEC filing, the company revealed that 1647 institutions currently hold the ADBE stock. In the last quarter, a 427,599,970 ADBE shares were in the possession of institutions. On the other hand, the company recorded 128 new institutions who bought it their stock, while 98 institutions sold their entire ADBE reserve. Of the current institutions investing in the stock, 731 increased their investment while 695 decreased their investment in the stock.