Markets

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

In trading on Wednesday, shares of VICI Properties Inc (Symbol: VICI) touched a new 52-week high of $26.14/share. That's a 27.70% rise, or $5.67 per share from the 52-week low of $20.47 set back on 08/16/2019. That means at today's intraday high, any investor who purchased VICI 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, VICI has seen 2 different instances of insiders buying over the trailing six month period.

Purchased Insider Title Shares Price/Share Value
08/09/2019 John W. R. Payne President and COO 10,635 $21.18 $225,249.30
08/13/2019 Edward Baltazar Pitoniak Chief Executive Officer 15,200 $21.29 $323,608.00

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

VICI Properties Inc Moving Averages Chart

In afternoon trading on Wednesday, VICI shares are changing hands at $26.05/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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