Implied FNY Analyst Target Price: $71 Friday, July 7, 9:47 AM ET, by Market News Video Staff Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, ...
Insiders Were Right: DRVN Makes New 52-Week High
By Market News Video Staff, Wednesday, January 20, 2:46 PM ET
In trading on Wednesday, shares of Driven Brands Holdings Inc (NASDAQ:DRVN) touched a new 52-week high of $29.76/share. That's a 17.63% rise, or $4.46 per share from the 52-week low of $25.30 set back on 01/19/2021. That means at today's intraday high, any investor who purchased DRVN 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, DRVN has seen 2 different instances of insiders buying over the trailing six month period.
The chart below shows where DRVN has traded over the past year, with the 50-day and 200-day moving averages included.
In afternoon trading on Wednesday, DRVN shares are changing hands at $28.72/share, slightly below the new 52-week high.
This Article's Word Cloud:BargainsBrandsCheaperDRVNDirectorDrivenHoldingsInsiderInsidersKyleMarshallOverPlatformPresidentPricePuckettPurchasedRickServicesShareSharesStartThanThatTitleValueWednesdayafternoonaveragesbackbeenbelowbetsbuyingchangingchartcompanydifferentfromgainhandshandsomelyhighinsidersoverpastsharesharestradingweek
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