Insiders Were Right: HHC Makes New 52-Week High

In trading on Thursday, shares of Howard Hughes Corp ( HHC) touched a new 52-week high of $120.50/share. That's a 78.70% rise, or $53.07 per share from the 52-week low of $67.43 set back on 11/14/2012. That means at today's intraday high, any investor who purchased HHC 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, HHC has seen 4 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
06/03/2013 David Weinreb Chief Executive Officer 10,000 $99.56 $995,634.00
06/11/2013 Mary Ann Tighe Director 4,760 $105.14 $500,456.00
06/13/2013 Steven H. Shepsman Director 931 $101.90 $94,868.90
08/13/2013 Mary Ann Tighe Director 4,626 $107.43 $496,949.50
08/15/2013 Jeffrey D. Furber Director 1,000 $104.43 $104,427.70

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

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