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

In trading on Monday, shares of CorEnergy Infrastructure Trust (CORR) touched a new 52-week high of $32.32/share. That's a 196.51% rise, or $21.42 per share from the 52-week low of $10.90 set back on 02/11/2016. That means at today's intraday high, any investor who purchased CORR 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, CORR 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
05/26/2016 David J. Schulte President & CEO 350 $22.80 $7,980.00
06/14/2016 Rebecca M. Sandring Chief Accounting Officer 240 $26.06 $6,254.40

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

CorEnergy Infrastructure Trust Moving Averages Chart

In afternoon trading on Monday, CORR shares are changing hands at $32.02/share, slightly below the new 52-week high.

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