Insiders Were Right: WAFD Makes New 52-Week High

In trading on Monday, shares of Washington Federal Inc. (WAFD) touched a new 52-week high of $23.76/share. That's a 21.72% rise, or $4.24 per share from the 52-week low of $19.52 set back on 10/15/2014. That means at today's intraday high, any investor who purchased WAFD 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, WAFD has seen 3 different instances of insiders buying over the trailing six month period.

START SLIDESHOW:
Ten Bargains You Can Buy Cheaper Than The Insiders Did »

Purchased Insider Title Shares Price/Share Value
01/29/2015 David K. Grant Director 10,000 $20.06 $200,591.00
02/04/2015 Randall H. Talbot Director 8,000 $20.54 $164,323.20
04/17/2015 Thomas J. Kelley Director 2,050 $22.10 $45,313.00

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

Washington Federal Inc. Moving Averages Chart

In afternoon trading on Monday, WAFD shares are changing hands at $23.77/share, slightly below the new 52-week high.

More from Stocks

Tempted by General Electric's Dividend Yield? Grab Yourself a Burger Instead

Tempted by General Electric's Dividend Yield? Grab Yourself a Burger Instead

Has Wall Street Completely Lost Its Mind on General Electric?

Has Wall Street Completely Lost Its Mind on General Electric?

Tesla CEO Elon Musk Is Cracking Under Immense Stress and Investors Should Worry

Tesla CEO Elon Musk Is Cracking Under Immense Stress and Investors Should Worry

10 Questions for PayPal Ahead of Its Big Investor Day

10 Questions for PayPal Ahead of Its Big Investor Day

Trump Tariff Threat, Deutsche Bank, Elon Musk and Apple - 5 Things You Must Know

Trump Tariff Threat, Deutsche Bank, Elon Musk and Apple - 5 Things You Must Know