Insider Bets Paying Off At HT As New 52-Week High Reached

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In trading on Monday, shares of Hersha Hospitality Trust (Symbol: HT) touched a new 52-week high of $20.11/share. That's a 21.14% rise, or $3.51 per share from the 52-week low of $16.60 set back on 03/02/2018. That means at today's intraday high, any investor who purchased HT stock any time over the past 52 weeks has an unrealized gain, including company insiders.

Over the past six months, insiders have been scooping up shares, and those bets are now paying off handsomely. As summarized by the table below, HT has seen 3 different instances of insiders buying over the trailing six month period.

Purchased Insider Title Shares Price/Share Value
03/02/2018 Jay H. Shah Chief Executive Officer 2,975 $16.75 $49,831.25
03/02/2018 Neil H. Shah President and COO 2,975 $16.75 $49,831.25
03/02/2018 Ashish R. Parikh Chief Financial Officer 1,485 $16.84 $25,007.40

The chart below shows where HT has traded over the past year, with the 50-day and 200-day moving averages included.

Hersha Hospitality Trust Moving Averages Chart

In afternoon trading on Monday, HT shares are changing hands at $20.10/share, slightly below the new 52-week high.

Ten Bargains You Can Buy Cheaper Than The Insiders Did »

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing
Referenced Symbols: HT

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