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ORI

Insiders Were Right: ORI Makes New 52-Week High

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Shutterstock photo

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In trading on Thursday, shares of Old Republic International Corp. (Symbol: ORI) touched a new 52-week high of $20.52/share. That's a 24.29% rise, or $4.01 per share from the 52-week low of $16.51 set back on 10/28/2016. That means at today's intraday high, any investor who purchased ORI 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, ORI has seen 5 different instances of insiders buying over the trailing six month period.

Purchased Insider Title Shares Price/Share Value
10/28/2016 James C. Hellauer Director 1,500 $16.54 $24,810.00
10/31/2016 Aldo C. Zucaro Chairman & CEO 2,920 $16.61 $48,501.20
10/31/2016 Dennis P. Van Mieghem Director 2,000 $16.72 $33,440.00
11/01/2016 Steven R. Walker Director 6,000 $16.86 $101,160.00
11/01/2016 Jimmy A. Dew Director 8,000 $16.86 $134,880.00
11/08/2016 Aldo C. Zucaro Chairman & CEO 5,000 $16.87 $84,350.00

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

Old Republic International Corp. Moving Averages Chart

In afternoon trading on Thursday, ORI shares are changing hands at $20.46/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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