Insiders Were Right: NCS Makes New 52-Week High

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In trading on Thursday, shares of NCI Building Systems, Inc. (Symbol: NCS) touched a new 52-week high of $18.90/share. That's a 44.83% rise, or $5.85 per share from the 52-week low of $13.05 set back on 09/07/2017. That means at today's intraday high, any investor who purchased NCS 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, NCS has seen 2 different instances of insiders buying over the trailing six month period.

Purchased Insider Title Shares Price/Share Value
09/11/2017 James S. Metcalf Director 30,000 $13.42 $402,570.00
09/11/2017 George L. Ball Director 30,000 $13.40 $402,000.00

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

NCI Building Systems, Inc. Moving Averages Chart

In afternoon trading on Thursday, NCS shares are changing hands at $18.82/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: NCS

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