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

In trading on Tuesday, shares of W & T Offshore Inc (WTI) touched a new 52-week high of $3.72/share. That's a 105.52% rise, or $1.91 per share from the 52-week low of $1.81 set back on 07/07/2017. That means at today's intraday high, any investor who purchased WTI 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, WTI 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
08/22/2017 Stuart B. Katz Director 50,000 $1.85 $92,500.00
08/23/2017 Tracy W. Krohn Chairman & CEO 132,134 $1.85 $244,447.90
08/31/2017 Tracy W. Krohn Chairman & CEO 271,444 $1.90 $515,743.60
09/13/2017 Tracy W. Krohn Chairman & CEO 918,763 $2.08 $1,909,402.30

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

W & T Offshore Inc Moving Averages Chart

In afternoon trading on Tuesday, WTI shares are changing hands at $3.72/share, right at the new 52-week high.

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