Insiders Now Seeing Red With YORW At New 52-Week Low

In trading on Wednesday, shares of York Water Co (YORW) touched a new 52-week low of $31.70/share. That's a $8.16 share price drop, or -20.47% decline from the 52-week high of $39.86 set back on 06/15/2017. Large percentage drops always require that the stock post even larger percentage gains from the low in order to recover the old price point, and for YORW that means the stock would have to gain 25.74% to get back to the 52-week high. For a move like that, York Water Co would need fundamental strength at the business level.

Here's a rhetorical question: Who knows more about fundamentals at the business level than the company's own insiders? So let's take a look to see whether any company insiders were taking the other side of the trade as YORW shares were being sold down to this new 52-week low, focusing on the most recent trailing six month period. As summarized by the table below, YORW has seen 13 different instances of insiders buying over the past six months.

START SLIDESHOW:
Ten Bargains You Can Buy Cheaper Than The Insiders Did »

Purchased Insider Title Shares Price/Share Value
07/14/2017 Erin C. Casey Director 0 $34.21 $14.98
07/14/2017 Michael W. Gang Director 47 $34.21 $1,618.98
07/14/2017 Ernest J. Waters Director 3 $34.21 $116.18
07/14/2017 Robert P. Newcomer Director 25 $34.21 $843.91
07/14/2017 Jody L. Keller Director 10 $34.21 $328.83
07/14/2017 Steven R. Rasmussen Director 6 $34.21 $206.39
07/14/2017 Jeffrey R. Hines CEO and President 281 $34.21 $9,624.33
07/14/2017 Joseph Thomas Hand Chief Operating Officer 55 $34.21 $1,873.20
07/14/2017 Kathleen M. Miller Chief Financial Officer 40 $34.21 $1,362.57
07/14/2017 Mark S. Snyder VP- Engineering 6 $34.21 $196.85
07/14/2017 Vernon L. Bracey VP-Customer Service 1 $34.21 $22.99
07/14/2017 Bruce C. McIntosh VP- Human Resources 34 $34.21 $1,147.77
07/14/2017 John H. Strine VP- Operations 17 $34.21 $568.03
07/17/2017 Jeffrey R. Hines CEO and President 170 $33.32 $5,664.92
07/17/2017 Mark S. Snyder VP- Engineering 24 $33.32 $798.51
07/17/2017 Kathleen M. Miller Chief Financial Officer 78 $33.32 $2,614.89
07/17/2017 Joseph Thomas Hand Chief Operational Officer 112 $33.32 $3,730.09
07/17/2017 John H. Strine VP- Operations 39 $33.32 $1,300.03
07/17/2017 Vernon L. Bracey VP- Customer Service 12 $33.32 $408.69
07/20/2017 Erin C. Casey Director 29 $34.73 $999.99
07/20/2017 Steven R. Rasmussen Director 17 $34.73 $599.99
08/21/2017 Erin C. Casey Director 30 $32.96 $999.99
08/21/2017 Steven R. Rasmussen Director 18 $32.96 $599.99
09/20/2017 Steven R. Rasmussen Director 18 $33.04 $600.00
09/20/2017 Erin C. Casey Director 30 $33.04 $999.99
10/16/2017 Jody L. Keller Director 10 $32.60 $330.34
10/16/2017 Steven R. Rasmussen Director 7 $32.60 $215.97
10/16/2017 Erin C. Casey Director 1 $32.60 $29.38
10/16/2017 Robert P. Newcomer Director 26 $32.60 $847.87
10/16/2017 Ernest J. Waters Director 4 $32.60 $116.72
10/16/2017 Vernon L. Bracey VP- Customer Service 1 $32.60 $44.21
10/16/2017 Jeffrey R. Hines President and CEO 329 $32.83 $10,798.17
10/16/2017 Mark S. Snyder VP- Engineering 7 $32.60 $220.57
10/16/2017 Kathleen M. Miller Chief Financial Officer 43 $32.60 $1,396.72
10/16/2017 Joseph Thomas Hand Chief Operating Officer 59 $32.60 $1,930.68
10/16/2017 Bruce C. McIntosh VP- Human Resources 35 $32.60 $1,153.14
10/16/2017 John H. Strine VP- Operations 1 $32.60 $30.32
10/17/2017 Joseph Thomas Hand Chief Operating Officer 119 $32.89 $3,900.15
10/17/2017 John H. Strine VP- Operations 40 $32.89 $1,300.06
10/17/2017 Mark S. Snyder VP- Engineering 24 $32.89 $780.01
10/17/2017 Vernon L. Bracey VP- Customer Service 12 $32.89 $389.99
10/17/2017 Jeffrey R. Hines President & CEO 171 $32.89 $5,616.19
10/20/2017 Erin C. Casey Director 27 $36.49 $1,000.00
10/20/2017 Steven R. Rasmussen Director 16 $36.49 $600.01
10/16/2017 Michael W. Gang Director 50 $32.60 $1,626.55
11/20/2017 Steven R. Rasmussen Director 17 $34.62 $600.02
11/20/2017 Erin C. McGlaughlin Director 29 $34.62 $1,000.00
12/06/2017 Jeffrey R. Hines CEO & President 48 $35.65 $1,703.00
12/20/2017 Steven R. Rasmussen Director 17 $34.67 $600.00
12/20/2017 Erin C. McGlaughlin Director 29 $34.67 $999.99

In the short run, while the new 52-week low suggests the stock is at the cheapest price and perhaps therefore the best bargain it has been over the last 52 weeks, the low print also means anyone who has purchased the stock over that timeframe is staring at an unrealized loss. Oftentimes, that factor drives a stock's technical analysis metrics by creating overhead resistance, with investors who bought higher now anxious to reverse their trade once they are back to breakeven. The chart below shows where YORW has traded over the past year, with the 50-day and 200-day moving averages included.

York Water Co Moving Averages Chart

Time will tell whether the insider purchases foretell a future rebound for YORW shares, which are presently showing a last trade of $31.90/share, slightly above the new 52-week low.

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