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Insiders Were Right: APTS Makes New 52-Week High

By Market News Video Staff, Wednesday, November 3, 4:05 PM ET
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In trading on Wednesday, shares of Preferred Apartment Communities Inc. (APTS) touched a new 52-week high of $12.94/share. That's a 146.95% rise, or $7.7 per share from the 52-week low of $5.24 set back on 11/04/2020. That means at today's intraday high, any investor who purchased APTS 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, APTS has seen 2 different instances of insiders buying over the trailing six month period.

Purchased Insider Title Shares Price/Share Value
06/07/2021 Sara Finley Director 5,000 $10.51 $52,550.00
05/13/2021 John M. Cannon Director 2,675 $9.28 $24,822.93
08/16/2021 John M. Cannon Director 2,125 $11.69 $24,841.25

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

Preferred Apartment Communities Inc. Moving Averages Chart

In afternoon trading on Wednesday, APTS shares are changing hands at $12.82/share, slightly below the new 52-week high.


This Article's Word Cloud:   APTS   Apartment   Bargains   Cannon   Cheaper   Communities   Director   Finley   Insider   Insiders   John   Over   Preferred   Price   Purchased   Sara   Share   Shares   Start   Than   That   Title   Value   Wednesday   afternoon   averages   back   been   below   bets   buying   changing   chart   company   different   from   gain   hands   handsomely   have   high   included   including   insiders   over   past   share   shares   trading   week
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