Insider Bets Paying Off At CBZ As New 52-Week High Reached

In trading on Wednesday, shares of CBIZ Inc (CBZ) touched a new 52-week high of $7.81/share. That's a 50.48% rise, or $2.62 per share from the 52-week low of $5.19 set back on 11/14/2012. That means at today's intraday high, any investor who purchased CBZ 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, CBZ has seen 2 different instances of insiders buying over the trailing six month period.

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Purchased Insider Title Shares Price/Share Value
05/15/2013 Steven L. Gerard Chief Executive Officer 178 $6.62 $1,176.45
05/15/2013 Jerome P. Grisko President and COO 89 $6.62 $588.23
06/17/2013 Jerome P. Grisko President and COO 88 $6.70 $588.18
06/17/2013 Steven L. Gerard Chief Executive Officer 176 $6.70 $1,176.42
07/15/2013 Jerome P. Grisko President and COO 83 $7.11 $588.23
07/15/2013 Steven L. Gerard Chief Executive Officer 165 $7.11 $1,176.47
08/15/2013 Steven L. Gerard Chief Executive Officer 161 $7.29 $1,176.43
08/15/2013 Jerome P. Grisko President and COO 81 $7.29 $588.21
09/16/2013 Steven L. Gerard Chief Executive Officer 163 $7.20 $1,176.44
09/16/2013 Jerome P. Grisko President and COO 82 $7.20 $588.22
10/15/2013 Steven L. Gerard Chief Executive Officer 159 $7.41 $1,176.48
10/15/2013 Jerome P. Grisko President and COO 79 $7.41 $588.24

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

CBIZ Inc Moving Averages Chart

In afternoon trading on Wednesday, CBZ shares are changing hands at $7.76/share, slightly below the new 52-week high.

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