Insider Bets Paying Off At RGS As New 52-Week High Reached

In trading on Thursday, shares of Regis Corp. (RGS) touched a new 52-week high of $16.61/share. That's a 44.69% rise, or $5.13 per share from the 52-week low of $11.48 set back on 01/28/2014. That means at today's intraday high, any investor who purchased RGS 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, RGS 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
05/05/2014 Daniel Gordon Beltzman Director 50,474 $13.15 $663,596.04
08/29/2014 Daniel Gordon Beltzman Director 215,610 $14.96 $3,225,173.09
08/29/2014 David Patrick Williams Director 5,000 $15.11 $75,550.00

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

Regis Corp. Moving Averages Chart

In afternoon trading on Thursday, RGS shares are changing hands at $16.45/share, slightly below the new 52-week high.

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