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

What You Need to Know About Facebook and Europe's New Privacy Rules

What You Need to Know About Facebook and Europe's New Privacy Rules

8 Bold Moves General Motors Could Make to Rev Up Its Battered Stock Price

8 Bold Moves General Motors Could Make to Rev Up Its Battered Stock Price

Is Your Investment Portfolio Prepared for Trade Wars, Inflation and More Trump?

Is Your Investment Portfolio Prepared for Trade Wars, Inflation and More Trump?

GE Is Too Opaque, Too Diversified and Too Poorly Managed: Doug Kass Insider

GE Is Too Opaque, Too Diversified and Too Poorly Managed: Doug Kass Insider

Dow Falls Over 200 Points as Apple's Slump Offsets Gains in General Electric

Dow Falls Over 200 Points as Apple's Slump Offsets Gains in General Electric