Insiders Were Right: Alcoa Makes New 52-Week High

In trading on Thursday, shares of Alcoa, Inc. ( AA) touched a new 52-week high of $13.70/share. That's a 79.55% rise, or $6.07 per share from the 52-week low of $7.63 set back on 07/03/2013. That means at today's intraday high, any investor who purchased AA 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, AA 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
01/15/2014 Ratan Tata Director 1,980 $10.54 $20,863.75
01/15/2014 Martin Sorrell Director 1,925 $10.54 $20,285.46
04/11/2014 Ratan Tata Director 1,670 $12.48 $20,837.76
04/11/2014 Martin Sorrell Director 1,626 $12.48 $20,289.23

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

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