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NewtekOne Inc Reaches New Heights: Stock Hits 52-Week Peak
(Monday trading showed NewtekOne Inc. (Symbol: NEWT) shares climbing to a 52-week high of $15.39 per share. This marks a robust increase of 52.83%, or $5.32 per share, from its 52-week low of $10.07 set on March 20, 2024. With this lunchtime high, all investors who bought NEWT stock in the past year, including insiders, are now sitting on unrealized gains.)
Over the last six months, company insiders have been actively purchasing shares, a strategy that has significantly rewarded them. Below is a table detailing the six instances of insider buying during this period:
| Purchase Date | Insider | Title | Shares Purchased | Price/Share | Total Value |
|---|---|---|---|---|---|
| 05/15/2024 | Barry Sloane | Chairman & CEO | 10,000 | $14.17 | $141,716.38 |
| 05/15/2024 | Gregory L. Zink | Director | 1,000 | $14.15 | $14,152.00 |
| 05/22/2024 | Nicolas Young | President, Newtek Bank, N.A. | 500 | $13.23 | $6,615.00 |
| 06/17/2024 | Michael Scott Price | Chief Financial Officer | 2,000 | $12.59 | $25,184.80 |
| 06/17/2024 | Barry Sloane | Chairman & CEO | 5,000 | $12.54 | $62,695.00 |
| 06/17/2024 | Barry Sloane | Chairman & CEO | 5,000 | $12.92 | $64,590.00 |
| 06/17/2024 | Gregory L. Zink | Director | 1,000 | $12.92 | $12,920.00 |
| 06/18/2024 | Richard J. Salute | Director | 700 | $12.62 | $8,834.00 |
| 08/14/2024 | Barry Sloane | Chairman & CEO | 6,649 | $12.13 | $80,626.92 |
| 09/18/2024 | Gregory L. Zink | Director | 1,000 | $11.38 | $11,380.00 |
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Recent Insider Trades Highlight NewtekOne’s Financial Activity
| Director | 500 | $11.72 | $5,860.00 | ||
| 09/20/2024 | Richard J. Salute | Director | 500 | $11.73 | $5,864.95 |
| 09/24/2024 | Barry Sloane | Chairman & CEO | 40,134 | $11.75 | $471,559.81 |
The chart below illustrates NEWT’s trading activity over the past year, featuring the 50-day and 200-day moving averages.
Currently, NEWT shares are trading at $15.34 each, nearing a new 52-week high in afternoon trading on Monday.
Ten Bargains You Can Buy Cheaper Than The Insiders Did »
Also see:
• Funds Holding EGLX
• PINC Insider Buying
• REV market cap history
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
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