Insider Bets Paying Off At EDR As New 52-Week High Reached
In trading on Thursday, shares of Education Realty Trust Inc (Symbol: EDR) touched a new 52-week high of $43.71/share. That's a 56.05% rise, or $15.7 per share from the 52-week low of $28.01 set back on 09/11/2015. That means at today's intraday high, any investor who purchased EDR 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, EDR has seen 2 different instances of insiders buying over the trailing six month period.
Senior VP and CAO
The chart below shows where EDR has traded over the past year, with the 50-day and 200-day moving averages included.
In afternoon trading on Thursday, EDR shares are changing hands at $43.62/share, slightly below the new 52-week high.