The President & CEO of Carbo Ceramics (NYSEARCA: CRR) is Buying Shares

By Carrie Williams

Today, the President & CEO of Carbo Ceramics (NYSEARCA: CRR), Gary Kolstad, bought shares of CRR for $18.84K.

This recent transaction increases Gary Kolstad’s holding in the company by 1.39% to a total of $1.34 million. In addition to Gary Kolstad, one other CRR executive reported Buy trades in the last month.

The company has a one year high of $24.20 and a one year low of $5.66. Currently, Carbo Ceramics has an average volume of 900.9K.

Nine different firms, including Capital One Financial and D.A. Davidson, currently also have a Buy rating on the stock.

In the last 30 days, insiders have sold $5,623 worth of CRR shares and purchased $121.7K worth of CRR shares. The insider sentiment on Carbo Ceramics has been positive according to 33 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

CARBO Ceramics, Inc. is an oilfield services technology company, which engages in manufactures and supplies ceramic proppant and resin-coated sand. It’s portfolio of innovative products and services includes: Fracpro, Carbo Ceramics & Technologies, Stratagen, and Falcon Technologies. The company provides range of technologies for spill prevention, containment, geotechnical monitoring, fracture simulation software and fracture design, and consulting services. Its products and services are primarily used in the hydraulic fracturing of natural gas and oil wells. CARBO Ceramics was founded in 1987 and is headquartered in Houston, TX.