Insiders Seeing Green With EXTR At New 52-Week High

In trading on Thursday, shares of Extreme Networks Inc ( EXTR) touched a new 52-week high of $7.20/share. That's a 140.80% rise, or $4.21 per share from the 52-week low of $2.99 set back on 04/22/2013. That means at today's intraday high, any investor who purchased EXTR 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, EXTR has seen 2 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
11/20/2013 Maury Austin Director 15,000 $6.39 $95,850.00
12/02/2013 Edward H. Kennedy Director 8,000 $6.98 $55,840.00

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

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