Markets

Insiders Were Right: KRNY Makes New 52-Week High

Shutterstock photo
Shutterstock photo

Shutterstock photo

In trading on Monday, shares of Kearny Financial Corp (Symbol: KRNY) touched a new 52-week high of $15.07/share. That's a 33.24% rise, or $3.76 per share from the 52-week low of $11.31 set back on 01/21/2016. That means at today's intraday high, any investor who purchased KRNY 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, KRNY has seen 3 different instances of insiders buying over the trailing six month period.

Purchased Insider Title Shares Price/Share Value
05/20/2016 Christopher Petermann Director 1,000 $12.79 $12,790.00
08/11/2016 John F. McGovern Director 3,300 $13.29 $43,840.50
08/09/2016 Leopold W. Montanaro Director 1,290 $13.09 $16,887.52
08/18/2016 Christopher Petermann Director 1,000 $13.53 $13,530.00
08/22/2016 Christopher Petermann Director 1,000 $13.54 $13,540.00
08/23/2016 Christopher Petermann Director 200 $13.61 $2,722.00

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

Kearny Financial Corp Moving Averages Chart

In afternoon trading on Monday, KRNY shares are changing hands at $14.93/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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