Insiders Seeing Green With AGX At New 52-Week High

In trading on Wednesday, shares of Argan Inc ( AGX) touched a new 52-week high of $22.47/share. That's a 61.65% rise, or $8.57 per share from the 52-week low of $13.90 set back on 04/11/2013. That means at today's intraday high, any investor who purchased AGX 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, AGX has seen 2 different instances of insiders buying over the trailing six month period.

Ten Bargains You Can Buy Cheaper Than The Insiders Did »

Purchased Insider Title Shares Price/Share Value
09/09/2013 Rainer H. Bosselmann Chairman of the Board and CEO 841 $19.02 $15,995.74
09/13/2013 Rainer H. Bosselmann Chairman of the Board and CEO 1,400 $19.58 $27,411.86
10/08/2013 William F. Leimkuhler Director 4,000 $21.23 $84,903.13

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

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