Insiders Seeing Green With SHO At New 52-Week High

In trading on Thursday, shares of Sunstone Hotel Investors Inc (SHO) touched a new 52-week high of $13.95/share. That's a 51.80% rise, or $4.76 per share from the 52-week low of $9.19 set back on 11/16/2012. That means at today's intraday high, any investor who purchased SHO 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, SHO has seen 2 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
05/13/2013 Kenneth Edward Cruse Chief Executive Officer 4,000 $12.63 $50,520.00
06/05/2013 Douglas M. Pasquale Director 2,000 $11.47 $22,938.00
06/12/2013 Douglas M. Pasquale Director 2,000 $11.16 $22,318.00
08/19/2013 Douglas M. Pasquale Director 1,000 $11.95 $11,950.00
09/09/2013 Kenneth Edward Cruse Chief Executive Officer 2,000 $12.60 $25,200.00

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

Sunstone Hotel Investors Inc Moving Averages Chart

In afternoon trading on Thursday, SHO shares are changing hands at $13.95/share, right at the new 52-week high.

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