Insiders Were Right: AXTA Makes New 52-Week High
In trading on Wednesday, shares of Axalta Coating Systems Ltd (Symbol: AXTA) touched a new 52-week high of $32.88/share. That's a 59.15% rise, or $12.22 per share from the 52-week low of $20.66 set back on 10/10/2022. That means at today's intraday high, any investor who purchased AXTA 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, AXTA has seen 2 different instances of insiders buying over the trailing six month period.
| Purchased | Insider | Title | Shares | Price/Share | Value |
|---|---|---|---|---|---|
| 03/14/2023 | William M. Cook | Director | 2,500 | $29.55 | $73,875.00 |
| 03/13/2023 | Chris Villavarayan | CEO & President | 34,440 | $29.20 | $1,005,648.00 |
The chart below shows where AXTA has traded over the past year, with the 50-day and 200-day moving averages included.
In afternoon trading on Wednesday, AXTA shares are changing hands at $32.76/share, slightly below the new 52-week high.
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