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

In trading on Wednesday, shares of Nuvasive Inc (NUVA) touched a new 52-week high of $31.10/share. That's a 138.31% rise, or $18.05 per share from the 52-week low of $13.05 set back on 11/15/2012. That means at today's intraday high, any investor who purchased NUVA 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, NUVA 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
05/08/2013 Peter Michael Leddy Director 2,400 $22.24 $53,376.00
08/06/2013 Richard Treharne III Director 2,000 $23.26 $46,516.00

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

Nuvasive Inc Moving Averages Chart

In afternoon trading on Wednesday, NUVA shares are changing hands at $30.66/share, slightly below the new 52-week high.

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