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

In trading on Wednesday, shares of Bio-Techne Corp (Symbol: TECH) touched a new 52-week high of $219.00/share. That's a 64.97% rise, or $86.25 per share from the 52-week low of $132.75 set back on 12/24/2018. That means at today's intraday high, any investor who purchased TECH 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, TECH has seen 2 different instances of insiders buying over the trailing six month period.

Purchased Insider Title Shares Price/Share Value
08/07/2019 Robert V. Baumgartner Director 500 $191.06 $95,530.00
09/09/2019 Charles R. Kummeth Chief Executive Officer 200 $185.00 $37,000.00

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

Bio-Techne Corp Moving Averages Chart

In afternoon trading on Wednesday, TECH shares are changing hands at $217.98/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.

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