CARBO Ceramics Inc. CRR President and CEO Gary Kolstad acquired 10,000 shares at an average price of $6.04 on Monday, totaling $60,400 in common equity. His purchase comes after a steep decline in share price over the month of October, possibly offering a 45 percent premium on the shares.
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Kolstad’s purchase may be an indication of where he thinks the key resistance lies and how the price of Carbo shares may rebound.
At last check, Carbo was down 1.15 percent at $6.03.
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