Insiders Seeing Green With PKY At New 52-Week High

In trading on Monday, shares of Parkway Properties ( PKY) touched a new 52-week high of $19.67/share. That's a 45.17% rise, or $6.12 per share from the 52-week low of $13.55 set back on 12/21/2012. That means at today's intraday high, any investor who purchased PKY 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, PKY 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
09/10/2013 Brenda J. Mixson Director 1,000 $16.36 $16,362.00
09/16/2013 Jeremy R. Dorsett EVP & GENERAL COUNSEL 1,000 $16.58 $16,577.30

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

Parkway Properties Inc. Moving Averages Chart

In afternoon trading on Monday, PKY shares are changing hands at $19.50/share, slightly below the new 52-week high.

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