Insider Bets Paying Off At NI As New 52-Week High Reached

In trading on Friday, shares of NiSource Inc. (NI) touched a new 52-week high of $34.11/share. That's a 31.70% rise, or $8.21 per share from the 52-week low of $25.90 set back on 01/17/2013. That means at today's intraday high, any investor who purchased NI 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, NI 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
08/23/2013 Carrie J. Hightman EVP & Chief Legal Officer 12,299 $29.30 $360,360.70
09/03/2013 Sigmund L. Cornelius Director 1,000 $28.99 $28,990.00

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

NiSource Inc.  Moving Averages Chart

In afternoon trading on Friday, NI shares are changing hands at $33.98/share, slightly below the new 52-week high.

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