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

In trading on Thursday, shares of Invacare Corp (IVC) touched a new 52-week high of $21.23/share. That's a 106.92% rise, or $10.97 per share from the 52-week low of $10.26 set back on 04/25/2013. That means at today's intraday high, any investor who purchased IVC 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, IVC has seen 8 different instances of insiders buying over the trailing six month period.

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Ten Bargains You Can Buy Cheaper Than The Insiders Did »

Purchased Insider Title Shares Price/Share Value
04/29/2013 William M. Weber Director 5,000 $12.15 $60,750.00
04/29/2013 Ellen O. Tauscher Director 1,000 $12.30 $12,297.20
04/29/2013 Dale C. Laporte Director 1,000 $12.24 $12,240.00
04/29/2013 Aaron Malachi Mixon III Chairman 45,700 $12.53 $572,621.00
04/30/2013 Aaron Malachi Mixon III Chairman 4,300 $13.22 $56,830.52
04/30/2013 Baiju R. Shah Director 1,000 $13.01 $13,009.00
05/01/2013 Gerald B. Blouch President and CEO 1,000 $13.59 $13,587.00
04/30/2013 Louis F. J. Slangen Senior Vice President 1,000 $13.05 $13,046.30
05/06/2013 Joseph B. Richey II Senior Vice President 1,000 $13.74 $13,744.00

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

Invacare Corp Moving Averages Chart

In afternoon trading on Thursday, IVC shares are changing hands at $19.70/share, slightly below the new 52-week high.

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