Insiders Were Right: HD Makes New 52-Week High

In trading on Wednesday, shares of Home Depot (HD) touched a new 52-week high of $82.71/share. That's a 29.60% rise, or $18.89 per share from the 52-week low of $63.82 set back on 02/25/2013. That means at today's intraday high, any investor who purchased HD 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, HD has seen 2 different instances of insiders buying over the trailing six month period.

START SLIDESHOW:
Ten Bargains You Can Buy Cheaper Than The Insiders Did »

Purchased Insider Title Shares Price/Share Value
09/12/2013 Mark C. Vadon Director 10,000 $75.20 $752,000.00
11/21/2013 Helena Foulkes Director 313 $79.73 $24,955.49

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

Home Depot Inc Moving Averages Chart

In afternoon trading on Wednesday, HD shares are changing hands at $82.35/share, slightly below the new 52-week high.

More from Stocks

Coke's a Better Stock to Buy Than Pepsi on Surprising North America Sales
Amazon Crushes Quarterly Earnings Estimates, Raises the Price of Prime

Amazon Crushes Quarterly Earnings Estimates, Raises the Price of Prime

Barbie Flexes Her Muscle in Mattel's Q1 Earnings

Barbie Flexes Her Muscle in Mattel's Q1 Earnings

Amazon Crushes First-Quarter Profit Estimates -- Watch TheStreet's Live Analysis

Amazon Crushes First-Quarter Profit Estimates -- Watch TheStreet's Live Analysis

Dow Jumps 238 Points as S&P 500, Nasdaq Also Climb

Dow Jumps 238 Points as S&P 500, Nasdaq Also Climb