15 Jan Insiders Seeing Green With ARNC At New 52-Week High
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In trading on Friday, shares of Arconic Inc (Symbol: ARNC) touched a new 52-week high of $30.90/share. That’s a 53.12% rise, or $10.72 per share from the 52-week low of $20.18 set back on 01/10/2017. That means at today’s intraday high, any investor who purchased ARNC 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, ARNC has seen 3 different instances of insiders buying over the trailing six month period.
| Purchased | Insider | Title | Shares | Price/Share | Value |
|---|---|---|---|---|---|
| 08/10/2017 | Elmer L. Doty | Director | 6,000 | $24.51 | $147,080.00 |
| 08/09/2017 | James F. Albaugh | Director | 5,000 | $24.94 | $124,719.00 |
| 08/15/2017 | Patricia F. Russo | Director | 15,000 | $24.57 | $368,575.50 |
In afternoon trading on Friday, ARNC shares are changing hands at $30.70/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.
Referenced Symbols: ARNC
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