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Insiders Seeing Green With PACW At New 52-Week High

Tickers in this article: PACW
In trading on Wednesday, shares of PacWest Bancorp touched a new 52-week high of $38.78/share. That's a 77.00% rise, or $16.87 per share from the 52-week low of $21.91 set back on 11/05/2012. That means at today's intraday high, any investor who purchased PACW 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, PACW 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
09/16/2013 Barry C. Fitzpatrick Director 3,000 $33.41 $100,237.50
11/04/2013 Susan E. Lester Director 2,000 $38.03 $76,056.00

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