21 Jan Insider Bets Paying Off At CY As New 52-Week High Reached
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.
|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 views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.