Billionaire Harold Hamm might be wondering why he did what he just did this week in the nearly $10 million purchase of shares in Continental Resources, the company he founded and is still chairman.
He bought 270,000 shares of Continental as prices were at their highest level since 2019. They represented his first purchase of Continental shares since September but on Thursday, shares in the company plunged 6.3% as a sell-off in energy markets dragged shale drillers lower reported Bloomberg.
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