In trading on Friday, shares of Overstock.com Inc (Symbol: OSTK) touched a new 52-week high of $29.75/share. That's a 232.03% rise, or $20.79 per share from the 52-week low of $8.96 set back on 06/07/2019. That means at today's intraday high, any investor who purchased OSTK 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, OSTK has seen 2 different instances of insiders buying over the trailing six month period.
| Purchased | Insider | Title | Shares | Price/Share | Value |
|---|---|---|---|---|---|
| 03/27/2019 | Joseph J. Tabacco Jr. | Director | 5,000 | $18.20 | $90,984.50 |
| 05/20/2019 | Joseph J. Tabacco Jr. | Director | 40,000 | $10.45 | $418,050.00 |
| 08/30/2019 | Jonathan E. Johnson III | Interim CEO | 2,000 | $15.98 | $31,959.00 |
The chart below shows where OSTK has traded over the past year, with the 50-day and 200-day moving averages included.
In afternoon trading on Friday, OSTK shares are changing hands at $27.15/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.
