In trading on Tuesday, shares of New Residential Investment Corp (Symbol: NRZ) touched a new 52-week high of $16.55/share. That's a 60.68% rise, or $6.25 per share from the 52-week low of $10.30 set back on 03/01/2016. That means at today's intraday high, any investor who purchased NRZ 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, NRZ has seen 2 different instances of insiders buying over the trailing six month period.
Chairman, CEO & President
The chart below shows where NRZ has traded over the past year, with the 50-day and 200-day moving averages included.
In afternoon trading on Tuesday, NRZ shares are changing hands at $16.28/share, slightly below the new 52-week high.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.