Black Diamond, Inc. (CLAR) Hits New 1-Year High Following Insider Buying Activity
Shares of Black Diamond, Inc. (NASDAQ:CLAR) reached a new 52-week high during mid-day trading on Monday following insider buying activity. The company traded as high as $7.43 and last traded at $7.43, with a volume of 59,431 shares changing hands. The stock had previously closed at $7.15.
Specifically, Director Nicolas Sokolow purchased 15,800 shares of the company’s stock in a transaction that occurred on Tuesday, August 22nd. The shares were bought at an average price of $6.44 per share, for a total transaction of $101,752.00. Following the purchase, the director now directly owns 65,000 shares in the company, valued at approximately $418,600. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In the last quarter, insiders purchased 60,425 shares of company stock worth $404,656. 33.60% of the stock is currently owned by company insiders.
Separately, Roth Capital set a $7.00 price target on shares of Black Diamond and gave the stock a “hold” rating in a research note on Wednesday, August 23rd.
The stock’s market cap is $222.09 million. The stock has a 50-day moving average price of $6.69 and a 200 day moving average price of $6.01.
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Black Diamond Company Profile
Clarus Corporation, formerly Black Diamond, Inc, through its ownership of Black Diamond Equipment, Ltd., is engaged in designing, manufacturing and marketing of active outdoor performance equipment and apparel for climbing, mountaineering, backpacking, skiing and a range of other year-round outdoor recreation activities.
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