Insiders Were Right: WTR Makes New 52-Week High
In trading on Wednesday, shares of Aqua America Inc (Symbol: WTR) touched a new 52-week high of $38.27/share. That's a 19.26% rise, or $6.18 per share from the 52-week low of $32.09 set back on 11/15/2018. That means at today's intraday high, any investor who purchased WTR 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, WTR has seen 5 different instances of insiders buying over the trailing six month period.
|11/15/2018||Daniel J. Hilferty III||Director||3,070||$32.55||$99,928.50|
|11/14/2018||Lee C. Stewart||Director||10,000||$32.95||$329,500.00|
|11/15/2018||Richard Scott Fox||Chief Operating Officer||3,096||$32.35||$100,143.63|
|11/14/2018||Daniel Schuller||Executive Vice President||3,050||$32.96||$100,528.00|
|11/14/2018||Chris Franklin||Chief Executive Officer||25,421||$32.86||$835,341.63|
The chart below shows where WTR has traded over the past year, with the 50-day and 200-day moving averages included.
In afternoon trading on Wednesday, WTR shares are changing hands at $38.15/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.