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

In trading on Tuesday, shares of The Charles Schwab Corporation (SCHW) touched a new 52-week high of $31.84/share. That's a 36.36% rise, or $8.49 per share from the 52-week low of $23.35 set back on 10/15/2014. That means at today's intraday high, any investor who purchased SCHW 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, SCHW 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
02/10/2015 Mark A. Goldfarb Director 2,567 $29.21 $74,992.34
04/24/2015 William S. Haraf Director 3,000 $30.29 $90,879.00

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

The Charles Schwab Corporation Moving Averages Chart

In afternoon trading on Tuesday, SCHW shares are changing hands at $31.70/share, slightly below the new 52-week high.

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