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

In trading on Friday, shares of Cenveo Inc (CVO) touched a new 52-week high of $3.46/share. That's a 87.03% rise, or $1.61 per share from the 52-week low of $1.85 set back on 03/27/2013. That means at today's intraday high, any investor who purchased CVO 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, CVO has seen 5 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
05/10/2013 Leonard C. Green Director 1,571 $2.27 $3,561.30
05/13/2013 Robert G. Burton Sr. Chairman and CEO 42,900 $2.33 $99,746.79
08/16/2013 Mark J. Griffin Director 5,000 $2.28 $11,390.80
08/22/2013 Robert G. Burton Sr. Chairman and CEO 33,300 $3.08 $102,484.08
08/28/2013 Gerald S. Armstrong Director 15,000 $2.81 $42,138.00
08/30/2013 Leonard C. Green Director 4,000 $2.81 $11,229.89
09/05/2013 Robert G. Burton Jr. President 3,000 $2.81 $8,428.45

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

Cenveo Inc Moving Averages Chart

In afternoon trading on Friday, CVO shares are changing hands at $3.43/share, slightly below the new 52-week high.

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