Market Chatter: Callon Petroleum Soars 10% as Seeking Alpha Highlights Intensive Insider Buying

By Staff,

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Callon Petroleum ( CPE ) shares have bounced almost 10% to $3.92 and are close to their highs for the day after being mentioned in a Seeking Alpha report listing companies that have seen recent intensive insider buying.

CPE is trading within a 52-week range of $3.28 - $6.55.

To qualify for intensive insider buying, a company's stock needs to be bought by three or more insiders within a month, it can't be sold by insiders and at least two buyers need to boost their holdings by more than 10%, the report said.

Callon Petroleum president and CEO Fred Callon, senior president of corporate finance Joseph Gatto and treasurer Rodger Smith have all bought stock in the company recently.

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

Copyright (C) 2014 All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Investing Commodities
Referenced Stocks: CPE

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