Insiders Were Right: SQBG Makes New 52-Week High

In trading on Thursday, shares of Sequential Brands Group Inc (SQBG) touched a new 52-week high of $14.91/share. That's a 71.97% rise, or $6.24 per share from the 52-week low of $8.67 set back on 03/03/2015. That means at today's intraday high, any investor who purchased SQBG 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, SQBG 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
03/04/2015 Al Gossett Director 78,000 $9.16 $714,360.00
03/05/2015 Leonard Stewart Jr. Director 10,000 $10.16 $101,600.00
05/04/2015 Leonard Stewart Jr. Director 10,000 $12.46 $124,600.00

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

Sequential Brands Group Inc Moving Averages Chart

In afternoon trading on Thursday, SQBG shares are changing hands at $14.86/share, slightly below the new 52-week high.

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