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 a stock that has had recent buying activity in the public market reported by an insider.
AutoCanada Inc. (ACQ-T)
Between June 5-20, executive chairman Paul Antony invested over $7-million in shares of AutoCanada. He acquired a total of 342,500 shares at an average cost per share of approximately $20.56 for an account in which he has indirect ownership (MAP Investco Inc.), increasing the holdings in this specific account to 1,507,877 shares.
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The following three stocks have had recent selling activity in the public market reported by insiders.
Barrick Gold Corp. (ABX-T)
On June 20, director Andrew Quinn sold 36,000 shares at a price per share of $23, after which this specific account held 36,481 shares. Proceeds from the sale totaled $828,000, excluding trading fees.
Cameco Corp. (CCO-T)
On June 20, senior vice-president and chief operating officer Brian Reilly exercised his options, receiving 28,125 shares at a cost per share of $15.27 and sold 28,125 shares at a price per share of $71.27 with 27,961 shares remained in this particular account. Net proceeds exceeded $1.5 million, not including any associated transaction charges.
Empire Company Ltd. (EMP-A-T)
On June 21, director William Linton sold 7,058 shares at a price per share of $34.3852, leaving 875 shares in this particular account. Proceeds from the sale exceeded $242,000, excluding trading fees.
Mr. Linton is the former chief financial officer at Rogers Communications Inc.
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