Featured below are companies that have experienced recent insider trading activity in the public market through their direct and indirect ownerships, including accounts they have control or direction over.
The list features insider transaction activity; it does not convey total ownership information as an insider may hold numerous accounts.
Keep in mind, when looking at transaction activities by insiders, purchasing activity may reflect perceived value in a security. Selling activity may or may not be related to a stock’s valuation; perhaps an insider needs to raise money for personal reasons. An insider’s total holdings should be considered because a sale may, in context, be insignificant if this person has a large remaining position in the company. I tend to put great weight on insider transaction activity when I see multiple insiders trading a company’s shares or units.
Listed below are two securities that have had recent buying activity in the public market reported insiders.
Canadian National Railway Co. (CNR-T)
On Nov. 6, director Jo-Ann dePass Olsovsky invested over US$200,000 in shares of CN Rail. She acquired 1,786 shares at a price per share of US$112.265, lifting the holdings in this specific account to 6,137 shares.
Last week, we reported that director Margaret McKenzie bought 800 shares at a cost per share of $152.63 on Oct. 30, after which this particular account held 8,490 shares. The cost of this purchase totaled more than $122,000.
On Nov. 5, the share price traded down to $149.22, marking a 52-week intraday low for the stock.
Secure Energy Services Inc. (SES-T)
On Nov. 6, director Wendy Hanrahan bought 7,000 shares at a cost per share of $16.655, after which this specific account held 46,900 shares. The cost of this purchase totaled more than $116,000.
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The following two stocks have had recent selling activity in the public market reported by insiders.
PHX Energy Services Corp. (PHX-T)
On Nov. 7, senior vice-president, finance and chief financial officer Cameron Ritchie exercised his options, receiving 50,000 shares at a cost per share of $6.16, and sold 50,000 shares at a price per share of $9.845 with 140,000 shares remaining in this particular account. Net proceeds exceeded $184,000, excluding any associated transaction charges.
TFI International Inc. (TFII-T)
On Nov. 6, chief financial officer David Saperstein exercised his options, receiving 2,000 shares at a cost per share of $40.36, and sold 2,000 shares at a price per share of $202, after which this particular account held 26,556 shares. Net proceeds totaled more than $323,000, not including any associated transaction fees.
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