In trading on Wednesday, shares of Peapack-Gladstone Financial Corp. (PGC) touched a new 52-week high of $24.29/share. That's a 50.22% rise, or $8.12 per share from the 52-week low of $16.17 set back on 02/17/2016. That means at today's intraday high, any investor who purchased PGC 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, PGC has seen 4 different instances of insiders buying over the trailing six month period.
|06/08/2016||Jeffrey J. Carfora||SEVP & Chief Financial Officer||1,000||$19.37||$19,374.16|
|06/13/2016||Eric H. Waser||EVP, Head of Comm Banking||1,000||$18.95||$18,950.00|
|06/15/2016||Eric H. Waser||EVP, Head of Comm Banking||1,000||$18.95||$18,950.00|
|08/01/2016||John P. Babcock||SEVP & Pres of Priv Wealth Mgt||1,000||$20.04||$20,043.70|
|09/01/2016||Eric H. Waser||EVP, Head of Comm Banking||1,900||$19.88||$37,770.30|
In afternoon trading on Wednesday, PGC shares are changing hands at $24.29/share, right at the new 52-week high.