Insiders Seeing Green With AVID At New 52-Week High

In trading on Monday, shares of Avid Technology, Inc. (AVID) touched a new 52-week high of $18.10/share. That's a 151.39% rise, or $10.9 per share from the 52-week low of $7.20 set back on 06/11/2014. That means at today's intraday high, any investor who purchased AVID 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, AVID 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
05/12/2015 Robert M. Bakish Director 100,000 $15.33 $1,533,000.00
05/20/2015 Robert M. Bakish Director 50,000 $16.14 $807,000.00
05/27/2015 Robert M. Bakish Director 50,000 $16.97 $848,500.00
06/03/2015 George H. Billings Director 10,000 $17.84 $178,400.00

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

Avid Technology, Inc. Moving Averages Chart

In afternoon trading on Monday, AVID shares are changing hands at $18.02/share, slightly below the new 52-week high.

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