Centennial Resource Development, Inc. (CDEV)

[TuMaRu]

Yes, but thats nothing compared to what they sold -- $420 million in Nov. 2017 and almost $430 million in March 2018. to me, its a clear exit from their IPO investment. I would discount directors and so called insiders buying anything as its usually a fake indicator. Very often just "window dressing" to mask what is eventually coming to the stock and company.

I was following a company where the newly appointed CEO bought stock in the open market (how symbolic) 2 months after joining the C-suite ... and then the company filed for bankruptcy 3 months after that . Was he and BOD in collusion on what was coming? How would anyone know, they all have their golden chutes and they ABSOLUTELY don't care about public (retail) investors. Now admittedly, it was trading under a buck, just like CDEV, so the company was already in deep trouble with debt and all that. He bought exactly 100000 shares at 80 cents, which is chump change to the typical CEO signon bonus, salary, severance, etc.