Markets

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

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Shutterstock photo

Shutterstock photo

In trading on Tuesday, shares of Insulet Corp (Symbol: PODD) touched a new 52-week high of $46.09/share. That's a 73.92% rise, or $19.59 per share from the 52-week low of $26.50 set back on 05/13/2016. That means at today's intraday high, any investor who purchased PODD 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, PODD has seen 3 different instances of insiders buying over the trailing six month period.

Purchased Insider Title Shares Price/Share Value
12/02/2016 Patrick J. Sullivan CEO and Chairman of the Board 40,000 $33.89 $1,355,720.00
12/01/2016 Bradley A. Thomas EVP Human Resources 3,100 $32.45 $100,595.00
12/09/2016 Charles Alpuche SVP, Global Manufacturing 6,600 $37.70 $248,802.18

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

Insulet Corp Moving Averages Chart

In afternoon trading on Tuesday, PODD shares are changing hands at $45.80/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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