# The CEO's Real Money Vote: California Resources Corp is Currently Priced Below Management's Cost Basis

Company executives buying their own stocks with real money is a signal that cannot be ignored. The President and CEO of California Resources Corp (CRC), Francisco Leon, recently spent $258,800 to purchase 5,425 shares at an average price of $47.71 per share on November 12.

Interestingly, the current market price is even cheaper - it has dropped to $45.68 per share, which is lower than Leon's cost price. This situation usually indicates that either the stock is indeed undervalued, or the market has not yet reacted to the company's prospects.

**Current Data Overview**:
- Latest trading price: $46.28 (down 0.6% on Tuesday)
- 52-week range: $30.97 – $59.50
- Annual dividend: $1.62/share (yield approximately 3.5%)
- Next ex-dividend date: 12/01/2025

From the chart, CRC has rebounded significantly from its low point over the past year, but it has not yet reached its 52-week high. The CEO's substantial purchase raises the question of whether it is a precise bottom-fishing move or a show of confidence in future performance. This depends on the company's actual performance going forward.