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

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In trading on Tuesday, shares of W.P. Carey Inc (Symbol: WPC) touched a new 52-week high of $71.29/share. That's a 20.36% rise, or $12.06 per share from the 52-week low of $59.23 set back on 02/12/2018. That means at today's intraday high, any investor who purchased WPC 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, WPC has seen 2 different instances of insiders buying over the trailing six month period.

Purchased Insider Title Shares Price/Share Value
11/06/2018 Jean Hoysradt Director 2,300 $64.73 $148,879.00
11/13/2018 Christopher Niehaus Director 3,850 $66.08 $254,411.46

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

W.P. Carey Inc Moving Averages Chart

In afternoon trading on Tuesday, WPC shares are changing hands at $70.88/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 , Investing Ideas
Referenced Symbols: WPC

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