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Insiders Were Right: ISTR Makes New 52-Week High

By Market News Video Staff, Monday, March 8, 2:37 PM ET
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In trading on Monday, shares of Investar Holding Corp (NASDAQ:ISTR) touched a new 52-week high of $21.15/share. That's a 149.12% rise, or $12.66 per share from the 52-week low of $8.49 set back on 03/23/2020. That means at today's intraday high, any investor who purchased ISTR 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, ISTR has seen 2 different instances of insiders buying over the trailing six month period.

Purchased Insider Title Shares Price/Share Value
10/27/2020 James M. Baker Director 250 $13.70 $3,425.00
10/29/2020 John J. D'angelo Chief Executive Officer 100 $12.81 $1,281.00

The chart below shows where ISTR has traded over the past year, with the 50-day and 200-day moving averages included.

Investar Holding Corp Moving Averages Chart

In afternoon trading on Monday, ISTR shares are changing hands at $20.72/share, slightly below the new 52-week high.


This Article's Word Cloud:   Baker   Bargains   Cheaper   Chief   Corp   Director   Executive   Holding   ISTR   Insider   Insiders   Investar   James   John   Monday   Officer   Over   Price   Purchased   Share   Shares   Start   Than   That   Title   Value   afternoon   angelo   averages   back   been   below   bets   buying   changing   chart   company   different   from   gain   hands   handsomely   high   insiders   over   past   share   shares   trading   week
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