Markets

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

Shutterstock photo
Shutterstock photo

Shutterstock photo

In trading on Friday, shares of DigitalGlobe Inc (Symbol: DGI) touched a new 52-week high of $27.25/share. That's a 130.93% rise, or $15.45 per share from the 52-week low of $11.80 set back on 01/20/2016. That means at today's intraday high, any investor who purchased DGI 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, DGI has seen 8 different instances of insiders buying over the trailing six month period.

Purchased Insider Title Shares Price/Share Value
03/01/2016 James M. Whitehurst Director 5,000 $15.42 $77,100.00
03/01/2016 Roxanne J. Decyk Director 2,000 $15.00 $30,000.00
03/01/2016 Howell M. Estes Director 2,000 $14.98 $29,960.00
03/01/2016 Jeffrey R. Tarr President and CEO 2,000 $15.09 $30,180.00
03/04/2016 Kimberly Till Director 180 $16.43 $2,957.40
03/02/2016 Eddy Zervigon Director 1,000 $15.73 $15,730.00
03/07/2016 Stephanie Comfort SVP, Strategy, Comms and Mktg 500 $16.70 $8,350.00
05/02/2016 L. Roger Mason Jr. Director 225 $22.09 $4,970.25

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

DigitalGlobe Inc Moving Averages Chart

In afternoon trading on Friday, DGI shares are changing hands at $26.85/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.