Insiders Seeing Green With LCI At New 52-Week High

In trading on Friday, shares of Lannett Co. (LCI) touched a new 52-week high of $33.60/share. That's a 607.37% rise, or $28.85 per share from the 52-week low of $4.75 set back on 12/27/2012. That means at today's intraday high, any investor who purchased LCI 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, LCI has seen 4 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
12/13/2013 Kevin Smith Vice President 100 $27.43 $2,743.00
12/13/2013 Martin P. Galvan VP of Finance & CFO 3,000 $26.90 $80,700.00
12/13/2013 Arthur P. Bedrosian President and CEO 5,000 $27.85 $139,250.00
12/17/2013 James M. Maher Director 500 $29.75 $14,875.00

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

Lannett Co., Inc. Moving Averages Chart

In afternoon trading on Friday, LCI shares are changing hands at $33.02/share, slightly below the new 52-week high.

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