Insiders Were Right: AZO Makes New 52-Week High

In trading on Wednesday, shares of AutoZone, Inc. (AZO) touched a new 52-week high of $455.88/share. That's a 33.31% rise, or $113.9 per share from the 52-week low of $341.98 set back on 01/11/2013. That means at today's intraday high, any investor who purchased AZO 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, AZO 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
10/15/2013 Douglas H. Brooks Director 355 $422.54 $150,001.27
10/17/2013 D. Bryan Jordan Director 240 $423.87 $101,729.26

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

AutoZone, Inc. Moving Averages Chart

In afternoon trading on Wednesday, AZO shares are changing hands at $455.88/share, right at the new 52-week high.

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