Insiders Seeing Green With ARR At New 52-Week High

In trading on Wednesday, shares of ARMOUR Residential REIT Inc. (ARR) touched a new 52-week high of $23.40/share. That's a 40.88% rise, or $6.79 per share from the 52-week low of $16.61 set back on 01/20/2016. That means at today's intraday high, any investor who purchased ARR 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, ARR 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
08/22/2016 Jeffrey J. Zimmer Co-CEO and President 10,000 $22.11 $221,140.00
08/22/2016 Scott Ulm Co-CEO and CIO 5,000 $22.07 $110,340.00

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

ARMOUR Residential REIT Inc. Moving Averages Chart

In afternoon trading on Wednesday, ARR shares are changing hands at $23.30/share, slightly below the new 52-week high.

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