Insiders Were Right: KTOS Makes New 52-Week High

In trading on Thursday, shares of Kratos Defense & Security Solutions, Inc. ( KTOS) touched a new 52-week high of $7.58/share. That's a 170.71% rise, or $4.78 per share from the 52-week low of $2.80 set back on 01/20/2016. That means at today's intraday high, any investor who purchased KTOS 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, KTOS has seen 7 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
08/09/2016 Eric M. Demarco President & CEO 8,904 $5.56 $49,469.73
08/10/2016 William A. Hoglund Director 50,000 $5.59 $279,465.00
08/12/2016 William A. Hoglund Director 150,000 $5.89 $884,010.00
11/23/2016 Scot B. Jarvis Director 25,000 $6.00 $150,000.00
11/23/2016 Deanna H. Lund EVP & CFO 6,666 $6.00 $39,996.00
11/23/2016 Jane Elizabeth Judd Director 4,166 $6.00 $24,996.00
11/23/2016 Bandel L. Carano Director 833,000 $6.00 $4,998,000.00
11/23/2016 Scott I. Anderson Director 8,333 $6.00 $49,998.00

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

Kratos Defense & Security Solutions, Inc. Moving Averages Chart

In afternoon trading on Thursday, KTOS shares are changing hands at $7.40/share, slightly below the new 52-week high.

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