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.
Mark E. Friis
Mona Abutaleb Stephenson
The chart below shows where SASR has traded over the past year, with the 50-day and 200-day moving averages included.
In afternoon trading on Wednesday, SASR shares are changing hands at $43.36/share, slightly below the new 52-week high.
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