Indigo Books & Music Inc. (TSE:IDG) reached a new 52-week high during trading on Friday following insider buying activity. The company traded as high as C$19.27 and last traded at C$18.27, with a volume of 5835 shares. The stock had previously closed at C$18.40.

Specifically, insider Gerald Wilfred Schwartz acquired 28,600 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The stock was acquired at an average cost of C$18.95 per share, with a total value of C$541,970.00. Insiders purchased a total of 67,200 shares of company stock valued at $1,255,818 over the last three months.

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Indigo Books & Music Company Profile

Indigo Books & Music Inc is a Canada-based book, gift and toy retailer. The Company operates stores in approximately 10 provinces and a territory in Canada, and offers online sales through its Website. It operates approximately 90 superstores under the banners Chapters and Indigo, and approximately 120 small format stores under the banners Coles, Indigospirit, SmithBooks and The Book Company.

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