Former Murphy Oil CEO buys 45,000 shares

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Former Murphy Oil CEO buys 45,000 shares

Bobby Raines 11/14/2013

Claiborne P. Deming, the former CEO, and a current director of Murphy Oil ( MUR ) , bought 45,000 shares of the company's common stock on Nov. 12. At $62.07 per share, Demming paid a total of $2,793,200.

IK-> The technicals for MUR ($62.05 up $0.49) are bearish with a neutral trend. Recent support has been around $59.75 and recent resistance has been around $62.81. Standard & Poor's has a three STARs (out of five) rating on the stock. Look at the Jan. 50/55 bull-put spread for a 20-cent credit. That's a 4.17% return and the stock has to fall 11.4% 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 The NASDAQ OMX Group, Inc.

Originally published on InvestorsObserver.com


This article appears in: Investing , Options

Referenced Stocks: MUR

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