In trading on Friday, shares of Agree Realty Corp. (Symbol: ADC) touched a new 52-week high of $80.51/share. That's a 28.65% rise, or $17.93 per share from the 52-week low of $62.58 set back on 07/22/2019. That means at today's intraday high, any investor who purchased ADC 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, ADC has seen 4 different instances of insiders buying over the trailing six month period.
|12/16/2019||Richard Agree||Executive Chairman of Board||22,000||$68.33||$1,503,180.00|
|12/17/2019||William S. Rubenfaer||Director||2,000||$67.92||$135,840.00|
The chart below shows where ADC has traded over the past year, with the 50-day and 200-day moving averages included.
In afternoon trading on Friday, ADC shares are changing hands at $78.92/share, slightly below the new 52-week high.
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