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Insider Bets Paying Off At SSNC As New 52-Week High Reached
By Market News Video Staff, Monday, November 1, 2:43 PM ET
In trading on Monday, shares of SS&C Technologies Holdings Inc (NASDAQ:SSNC) touched a new 52-week high of $79.72/share. That's a 36.51% rise, or $21.32 per share from the 52-week low of $58.40 set back on 11/02/2020. That means at today's intraday high, any investor who purchased SSNC 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, SSNC has seen 2 different instances of insiders buying over the trailing six month period.
The chart below shows where SSNC has traded over the past year, with the 50-day and 200-day moving averages included.
In afternoon trading on Monday, SSNC shares are changing hands at $78.10/share, slightly below the new 52-week high.
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