Clarus activities ... On March 11, 2011, a Clarus Securities analyst rated CHO a 'buy' for a 12-month price target of $3.60, when the stock closed at $1.10 the day before. After a brief run-up, CHO share price went on a decline until December 2011, when Clarus bought 385,500 shares. Here are their trades:
Dec. 5 - bought 3,000 @ 0.47
Dec. 9 - bought 15,000 @ 0.47
Dec. 13 - bought 2,000 @ 0.47
Dec. 14 - bought 1,000 @ 0.47
Dec. 15 - bought 364,500 @ 0.40
Total = 385,500 shares @ 0.404 average price
Clarus obviously believes in CHO's growth prospect at this price point. I wonder if the analyst has a new 12-month target price ...