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Insiders Seeing Green With ARNC At New 52-Week High

By Market News Video Staff, Friday, January 12, 3:18 PM ET
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In trading on Friday, shares of Arconic Inc (NYSE:ARNC) touched a new 52-week high of $30.90/share. That's a 53.12% rise, or $10.72 per share from the 52-week low of $20.18 set back on 01/10/2017. That means at today's intraday high, any investor who purchased ARNC 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, ARNC has seen 3 different instances of insiders buying over the trailing six month period.

Purchased Insider Title Shares Price/Share Value
08/10/2017 Elmer L. Doty Director 6,000 $24.51 $147,080.00
08/09/2017 James F. Albaugh Director 5,000 $24.94 $124,719.00
08/15/2017 Patricia F. Russo Director 15,000 $24.57 $368,575.50

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

Arconic Inc Moving Averages Chart

In afternoon trading on Friday, ARNC shares are changing hands at $30.70/share, slightly below the new 52-week high.

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