In trading on Monday, shares of First Merchants Corp. ( FRME) touched a new 52-week high of $23.33/share. That's a 20.38% rise, or $3.95 per share from the 52-week low of $19.38 set back on 06/02/2014. That means at today's intraday high, any investor who purchased FRME 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, FRME has seen 5 different instances of insiders buying over the trailing six month period.
|07/01/2014||Patrick A. Sherman||Director||24||$21.24||$500.00|
|08/01/2014||Patrick A. Sherman||Director||25||$19.99||$500.01|
|08/01/2014||Mark K. Hardwick||Chief Financial Officer||100||$19.67||$1,967.00|
|09/02/2014||Patrick A. Sherman||Director||24||$20.41||$500.00|
|09/18/2014||Charles E. Schalliol||Director||1,000||$20.22||$20,217.00|
|10/01/2014||Patrick A. Sherman||Director||25||$20.30||$500.00|
|11/03/2014||Patrick A. Sherman||Director||22||$22.23||$500.00|
|11/13/2014||Terry L. Walker||Director||1,000||$22.23||$22,230.00|
|12/01/2014||Patrick A. Sherman||Director||23||$21.74||$500.00|
In afternoon trading on Monday, FRME shares are changing hands at $23.31/share, slightly below the new 52-week high.