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, FAST has seen 5 different instances of insiders buying over the trailing six month period.
Insider Bets Pay Off On Fastenal (FAST)
In trading on Friday, shares of Fastenal touched a new 52-week high of $61.20/share. That’s a 29.20% rise, or $13.83 per share from the 52-week low of $47.37 set back on 07/05/2018. That means at today’s intraday high, any investor who purchased FAST stock any time over the past 52 weeks has an unrealized gain, including company insiders.
| Purchased | Insider | Title | Shares | Price/Share | Value |
|---|---|---|---|---|---|
| 10/12/2018 | Terry Modock Owen | Senior Executive VP | 1,500 | $52.07 | $78,105.00 |
| 10/12/2018 | Daniel L. Florness | CEO and President | 2,000 | $51.95 | $103,900.00 |
| 10/16/2018 | Holden Lewis | Chief Financial Officer/EVP | 500 | $52.28 | $26,142.00 |
| 10/23/2018 | William Joseph Drazkowski | Executive Vice-President | 830 | $50.54 | $41,948.20 |
| 10/22/2018 | Daniel L. Johnson | Director | 965 | $51.56 | $49,754.43 |
The chart below shows where FAST has traded over the past year, with the 50-day and 200-day moving averages included.
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In afternoon trading on Friday, FAST shares are changing hands at $60.27/share, slightly below the new 52-week high.
