Insiders Seeing Green With FISI At New 52-Week High

In trading on Thursday, shares of Financial Institutions Inc. (FISI) touched a new 52-week high of $29.60/share. That's a 20.52% rise, or $5.04 per share from the 52-week low of $24.56 set back on 06/27/2016. That means at today's intraday high, any investor who purchased FISI 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, FISI has seen 5 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
07/29/2016 Andrew W. Dorn Jr. Director 1,000 $27.11 $27,110.00
08/17/2016 William L. Kreienberg EVP, CAO, Gen'l Counsel & CRO 3,000 $26.43 $79,290.00
08/17/2016 Martin Kearney Birmingham President & CEO 5,000 $26.64 $133,200.00
08/24/2016 Kevin B. Klotzbach EVP & Chief Financial Officer 900 $27.04 $24,336.00
08/26/2016 Charles J. Guarino Senior Vice President 400 $26.47 $10,588.00

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

Financial Institutions Inc. Moving Averages Chart

In afternoon trading on Thursday, FISI shares are changing hands at $28.80/share, slightly below the new 52-week high.

More from Stocks

Replay: Jim Cramer on the Markets, Oil, General Electric, Zillow and Micron

Replay: Jim Cramer on the Markets, Oil, General Electric, Zillow and Micron

Pegasystems Founder Explains Why He Has One of the Hottest Tech Stocks Around

Pegasystems Founder Explains Why He Has One of the Hottest Tech Stocks Around

Micron Shares Soar; Chipmaker Is 'Managing for Profitability' Now, Says Analyst

Micron Shares Soar; Chipmaker Is 'Managing for Profitability' Now, Says Analyst

Dow Slips 178 Points; S&P 500 and Nasdaq Also Decline

Dow Slips 178 Points; S&P 500 and Nasdaq Also Decline

Facebook CEO Mark Zuckerberg Deflects Tough Questions From European Parliament

Facebook CEO Mark Zuckerberg Deflects Tough Questions From European Parliament