Insiders Were Right: OZRK Makes New 52-Week High

In trading on Tuesday, shares of Bank of the Ozarks, Inc. (OZRK) touched a new 52-week high of $66.21/share. That's a 75.48% rise, or $28.48 per share from the 52-week low of $37.73 set back on 03/01/2013. That means at today's intraday high, any investor who purchased OZRK 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, OZRK 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
02/25/2014 Peter C. Kenny Director 2,300 $60.93 $140,129.80
03/03/2014 Nicholas A. Brown Director 1,600 $62.85 $100,553.60

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

Bank of the Ozarks, Inc. Moving Averages Chart

In afternoon trading on Tuesday, OZRK shares are changing hands at $66.12/share, slightly below the new 52-week high.

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