Markets

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

Shutterstock photo
Shutterstock photo

Shutterstock photo

In trading on Wednesday, shares of Sandy Spring Bancorp Inc (Symbol: SASR) touched a new 52-week high of $43.43/share. That's a 19.28% rise, or $7.02 per share from the 52-week low of $36.41 set back on 02/06/2018. That means at today's intraday high, any investor who purchased SASR 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, SASR has seen 2 different instances of insiders buying over the trailing six month period.

Purchased Insider Title Shares Price/Share Value
02/06/2018 Mark E. Friis Director 1,000 $36.76 $36,760.00
02/05/2018 Mona Abutaleb Stephenson Director 600 $37.82 $22,693.20

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

Sandy Spring Bancorp Inc Moving Averages Chart

In afternoon trading on Wednesday, SASR shares are changing hands at $43.36/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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