Carbo Ceramics CEO buys 2,000 shares

By Bobby Raines,

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Bobby Raines 08/11/2014

Gary Kolstad, the president and CEO of Carbo Ceramics ( CRR ) bought 2,000 shares of the company's common stock on Aug. 8. At $103.36 per share, Kolstad paid a total of $206,720.

IK-> The technicals for CRR ($108.74 up $1.67) are bearish with a possible trend reversal. Recent support has been around $101.85 and recent resistance has been around $140.54. Standard & Poor's does not follow the stock. Look at the Sept. 80/85 bull-put spread for a 25-cent credit. That's a 5.3% return and the stock has to fall 21.8% to cause a problem.  [InvestorsKeyhole, Various news and data services]

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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This article appears in: Investing Options
Referenced Stocks: CRR

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