Billionaire Hamm Plowed $10 Million Into Continental Before Drop
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The billionaire chairman of Continental Resources Inc. bought almost $10 million of the oil producer’s stock just before this week’s price slump.
Harold Hamm bought 270,000 shares of the company he founded in 1967 earlier this week, when prices were at their highest since 2019, according to data compiled by Bloomberg. Those were his first Continental purchases since September. On Thursday, the stock plunged 6.3% as a sell-off in energy markets dragged shale drillers lower.