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LNG

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

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In trading on Wednesday, shares of Cheniere Energy Inc. (Symbol: LNG) touched a new 52-week high of $48.34/share. That's a 112.02% rise, or $25.54 per share from the 52-week low of $22.80 set back on 02/08/2016. That means at today's intraday high, any investor who purchased LNG 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, LNG has seen 3 different instances of insiders buying over the trailing six month period.

Purchased Insider Title Shares Price/Share Value
08/15/2016 Jack A. Fusco President and CEO 34,223 $43.83 $1,499,959.87
09/19/2016 Jack A. Fusco President and CEO 35,063 $42.78 $1,499,981.11
10/17/2016 Jack A. Fusco President and CEO 37,007 $40.53 $1,499,971.42
11/14/2016 Samuel J. Merksamer Director 13,500 $35.57 $480,195.00
11/11/2016 Sean N. Markowitz General Counsel & Corp Sec 1,500 $36.18 $54,270.00
11/10/2016 Jack A. Fusco President and CEO 15,366 $37.47 $575,754.80

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

Cheniere Energy Inc. Moving Averages Chart

In afternoon trading on Wednesday, LNG shares are changing hands at $48.45/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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