This cluster is routine and non-informative. Monitor for any C-suite selling or a material increase in dollar volume (>$15M, or 0.2% of market cap) before assigning bearish significance. The stock's poor historical reaction to prior reports suggests no actionable trade signal here.
Price Chart
Executive Summary
Two Chord Energy directors sold a combined $1.21M in open-market sales over a 4-day window. The sales are modest relative to the $7.6B market cap (0.02%), and no C-suite executives participated. The cluster is not informative per the academic literature—director sales are weak signals, and the dollar amount is trivial for a company this size.
Key Financial Metrics
Key Facts
- Two directors sold a total of $1.21M in open-market sales from Aug 7-10, 2026.
- Sales represent ~0.02% of CHRD's $7.6B market cap—trivial and routine.
- No C-suite executives (CEO, CFO, COO) participated in the cluster.
- Director Brooks sold $1.07M at $133.14; Director McKinney sold $299K at $135.56-$137.08.
Financial Impact
Total insider sales of $1.21M represent 0.02% of market cap—immaterial.
Risk Factors
- Director sales may be liquidity-driven or part of pre-arranged 10b5-1 plans, not a bearish signal.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-CHRD-1786611819747 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 21, 2026 5d ago | Institutional Cluster | $150.48 | awaiting T+5 | — | $156.15 (+3.77%) |
Oct 19, 2026 7d ago | 8-K | $152.22 | awaiting T+5 | — | $156.15 (+2.58%) |
Oct 19, 2026 7d ago | Press Release | $152.22 | awaiting T+5 | — | $156.15 (+2.58%) |
Oct 19, 2026 7d ago | Press Release | $154.48 $156.15 | ▲ +1.08% | ▲ +1.23% | $156.15 (+1.08%) |
Oct 19, 2026 7d ago | Press Release | $154.48 $156.15 | ▲ +1.08% | ▲ +1.23% | $156.15 (+1.08%) |
Aug 12, 2026 10w ago | Insider Cluster | $134.46 $148.81 | ▲ +10.68% | ▲ +12.64% | $156.15 (+16.14%) |
Aug 5, 2026 11w ago | Press Release | $132.50 $134.46 | ▲ +1.48% | ▲ +0.26% | $156.15 (+17.85%) |
Jun 12, 2026 19w ago | Institutional Cluster | $135.34 $123.12 | ▼ −9.03% | ▼ −9.70% | $156.15 (+15.38%) |
May 18, 2026 23w ago | Insider Cluster | $148.35 $133.70 | ▼ −9.88% | ▼ −12.17% | $156.15 (+5.26%) |
May 7, 2026 24w ago | S-3ASR | $136.44 $142.54 | ▲ +4.47% | ▲ +3.01% | $156.15 (+14.45%) |
US Market Status
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