Insider Bets Paying Off At EXAR As New 52-Week High Reached

In trading on Tuesday, shares of Exar Corp. ( EXAR) touched a new 52-week high of $10.09/share. That's a 109.34% rise, or $5.27 per share from the 52-week low of $4.82 set back on 02/11/2016. That means at today's intraday high, any investor who purchased EXAR 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, EXAR 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
06/08/2016 Ryan A. Benton Chief FInancial Officer 5,000 $8.40 $41,985.00
06/10/2016 James Lougheed Senior VP, Sales and Marketing 4,230 $8.23 $34,816.51
08/08/2016 James Lougheed Senior VP, Sales and Marketing 3,400 $8.81 $29,964.50

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

Exar Corp. Moving Averages Chart

In afternoon trading on Tuesday, EXAR shares are changing hands at $10.03/share, slightly below the new 52-week high.

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