Insider Bets Paying Off At CY As New 52-Week High Reached

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In trading on Friday, shares of Cypress Semiconductor Corp. (Symbol: CY) touched a new 52-week high of $17.50/share. That’s a 59.24% rise, or $6.51 per share from the 52-week low of $10.99 set back on 01/23/2017. That means at today’s intraday high, any investor who purchased CY 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, CY has seen 3 different instances of insiders buying over the trailing six month period.

Purchased Insider Title Shares Price/Share Value
08/21/2017 Camillo Martino Director 10,000 $12.92 $129,200.00
09/06/2017 Catherine P. Lego Director 20,000 $13.69 $273,760.00
09/14/2017 J. Daniel McCranie Director 30,000 $14.37 $431,232.00
The chart below shows where CY has traded over the past year, with the 50-day and 200-day moving averages included. Cypress Semiconductor Corp. Moving Averages Chart In afternoon trading on Friday, CY shares are changing hands at $17.48/share, slightly below the new 52-week high.

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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: CY
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