Insiders Were Right: Calgon Carbon Makes New 52-Week High

In trading on Monday, shares of Calgon Carbon Corp. (CCC) touched a new 52-week high of $22.27/share. That's a 37.38% rise, or $6.06 per share from the 52-week low of $16.21 set back on 06/24/2013. That means at today's intraday high, any investor who purchased CCC 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, CCC 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
05/14/2014 William J. Lyons Director 3,500 $21.42 $74,965.10
05/21/2014 Donald C. Templin Director 2,500 $20.80 $51,991.50

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

Calgon Carbon Corp. Moving Averages Chart

In afternoon trading on Monday, CCC shares are changing hands at $22.23/share, slightly below the new 52-week high.

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