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Insiders Were Right: EQT Makes New 52-Week High
By Market News Video Staff, Tuesday, December 28, 1:38 PM ET
In trading on Tuesday, shares of EQT Corp (NYSE:EQT) touched a new 52-week high of $23.37/share. That's a 90.46% rise, or $11.1 per share from the 52-week low of $12.27 set back on 12/29/2020. That means at today's intraday high, any investor who purchased EQT 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, EQT has seen 2 different instances of insiders buying over the trailing six month period.
The chart below shows where EQT has traded over the past year, with the 50-day and 200-day moving averages included.
In afternoon trading on Tuesday, EQT shares are changing hands at $22.76/share, slightly below the new 52-week high.
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