Insiders Were Right: LION Makes New 52-Week High

In trading on Tuesday, shares of Fidelity Southern Corp ( LION) touched a new 52-week high of $23.18/share. That's a 65.45% rise, or $9.17 per share from the 52-week low of $14.01 set back on 02/11/2016. That means at today's intraday high, any investor who purchased LION 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, LION has seen 2 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
06/10/2016 W. Clyde Shepherd III Director 245 $16.32 $3,998.00
06/17/2016 James B. Miller Jr. Chairman 6,640 $15.03 $99,813.14
07/08/2016 W. Clyde Shepherd III Director 261 $15.33 $3,998.37
08/05/2016 W. Clyde Shepherd III Director 232 $17.26 $3,999.09
09/09/2016 W. Clyde Shepherd III Director 221 $18.07 $3,998.57
10/07/2016 W. Clyde Shepherd III Director 219 $18.27 $3,998.57
11/04/2016 W. Clyde Shepherd III Director 209 $19.16 $3,999.09

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

Fidelity Southern Corp Moving Averages Chart

In afternoon trading on Tuesday, LION shares are changing hands at $23.18/share, right at the new 52-week high.

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