Insiders Were Right: CIO Makes New 52-Week High

In trading on Monday, shares of City Office REIT Inc (Symbol: CIO) touched a new 52-week high of $13.15/share. That's a 35.15% rise, or $3.42 per share from the 52-week low of $9.73 set back on 12/27/2018. That means at today's intraday high, any investor who purchased CIO 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, CIO has seen 2 different instances of insiders buying over the trailing six month period.

Purchased Insider Title Shares Price/Share Value
03/06/2019 James Thomas Farrar Chief Executive Officer 8,000 $11.39 $91,120.00
05/08/2019 John Sweet Director 3,000 $11.84 $35,520.00
08/08/2019 John Sweet Director 2,000 $12.85 $25,698.00

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

City Office REIT Inc Moving Averages Chart

In afternoon trading on Monday, CIO shares are changing hands at $13.09/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.

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