In yesterday’s trading session, shares of Utz Brands Inc (Symbol: UTZ) hit a new 52-week high of $19.14/share, marking a substantial 71.35% increase from the 52-week low of $11.17 set on 10/12/2023. This significant spike implies that any investor holding UTZ stock over the past year has garnered a remarkable yet unrealized gain, including the company insiders.
Insiders have been making strategic purchases of UTZ shares over the last six months, and their foresight is now paying off handsomely. As evidenced by the transactions below, there have been three notable instances of insiders acquiring shares during this period.
| Purchased | Insider | Title | Shares | Price/Share | Value |
|---|---|---|---|---|---|
| 11/14/2023 | Dylan Lissette | Director | 15,686 | $12.80 | $200,780.80 |
| 11/14/2023 | Howard A. Friedman | CEO | 8,200 | $12.95 | $106,153.10 |
| 11/20/2023 | Theresa Robbins Shea | EVP and General Counsel | 763 | $13.11 | $9,999.11 |
The price chart below depicts UTZ’s trading activity over the past year, along with the 50-day and 200-day moving averages included for reference.
As of yesterday’s afternoon trading session, UTZ shares were valued at $19.12/share, marginally below the newly established 52-week high.
Looking ahead, investors may be interested in exploring opportunities where stocks are available at a lower price point than what insiders paid.
Also see:
- Canadian Stocks Crossing Below Their 200 Day Moving Avg
- FRAF Insider Buying
- Institutional Holders of JMM
The views expressed in this article are those of the author and do not necessarily reflect those of Nasdaq, Inc.
