Insiders Seeing Green With AT At New 52-Week High

In trading on Monday, shares of Atlantic Power Corp (AT) touched a new 52-week high of $2.75/share. That's a 75.16% rise, or $1.18 per share from the 52-week low of $1.57 set back on 12/23/2015. That means at today's intraday high, any investor who purchased AT 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, AT has seen 4 different instances of insiders buying over the trailing six month period.

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Ten Bargains You Can Buy Cheaper Than The Insiders Did »

Purchased Insider Title Shares Price/Share Value
06/13/2016 Joseph Cofelice EVP Commercial Development 10,000 $2.29 $22,900.00
11/10/2016 Kevin Howell Director 625 $2.25 $1,406.25
11/11/2016 Irving Russell Gerstein Director 7,900 $2.37 $18,723.00
11/14/2016 Kevin Howell Director 1,849 $2.35 $4,345.15
11/18/2016 Gilbert Samuel Palter Director 50,000 $2.58 $129,250.00

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

Atlantic Power Corp Moving Averages Chart

In afternoon trading on Monday, AT shares are changing hands at $2.65/share, slightly below the new 52-week high.

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