Insiders Seeing Green With RXN At New 52-Week High

In trading on Tuesday, shares of Rexnord Corp (RXN) touched a new 52-week high of $29.39/share. That's a 85.08% rise, or $13.51 per share from the 52-week low of $15.88 set back on 06/20/2013. That means at today's intraday high, any investor who purchased RXN 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, RXN has seen 2 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
02/05/2014 John S. Stroup Director 9,600 $26.08 $250,331.52
02/10/2014 John M. Stropki Director 1,810 $27.55 $49,865.50

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

Rexnord Corp  Moving Averages Chart

In afternoon trading on Tuesday, RXN shares are changing hands at $28.98/share, slightly below the new 52-week high.

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