Insiders Seeing Green With VTSS At New 52-Week High

In trading on Wednesday, shares of Vitesse Semiconductor Corp. ( VTSS) touched a new 52-week high of $3.55/share. That's a 92.93% rise, or $1.71 per share from the 52-week low of $1.84 set back on 02/06/2013. That means at today's intraday high, any investor who purchased VTSS 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, VTSS 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
12/10/2013 Kenneth H. Traub Director 20,000 $2.59 $51,730.00
12/13/2013 Martin S. McDermut Chief Financial Officer 19,935 $2.48 $49,395.96

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

Vitesse Semiconductor Corp. Moving Averages Chart

In afternoon trading on Wednesday, VTSS shares are changing hands at $3.50/share, slightly below the new 52-week high.

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