Markets

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

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Shutterstock photo

Shutterstock photo

In trading on Friday, shares of Berkshire Hills Bancorp, Inc. (Symbol: BHLB) touched a new 52-week high of $39.00/share. That's a 43.81% rise, or $11.88 per share from the 52-week low of $27.12 set back on 09/29/2016. That means at today's intraday high, any investor who purchased BHLB 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, BHLB has seen 3 different instances of insiders buying over the trailing six month period.

Purchased Insider Title Shares Price/Share Value
07/24/2017 Paul T. Bossidy Director 1,000 $35.88 $35,880.00
07/24/2017 John B. Davies Director 350 $35.83 $12,540.54
08/14/2017 Richard L. Murphy Director 1,000 $34.25 $34,250.00

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

Berkshire Hills Bancorp, Inc. Moving Averages Chart

In afternoon trading on Friday, BHLB shares are changing hands at $38.73/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.


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

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