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 is a security that has had recent buying activity in the public market reported an insider.
Advantage Energy Ltd. (AAV-T)
On Nov. 6, David Smith, who sits on the board of directors, invested over $176,000 in shares of the company. He acquired 20,000 shares at a price per share of $8.808, lifting the holdings in this specific account to 60,000 shares.
Mr. Smith is the former president and chief executive officer of Keyera Corp.
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The following three stocks have had recent selling activity in the public market reported by insiders.
Endeavour Silver Corp. (EDR-T)
On Nov. 8, chairman of the board Rex McLennan exercised his options, receiving 34,800 shares at a cost per share of $2.89, and sold 34,800 shares at a price per share of $6.50, after which this particular account did not hold any shares. Net proceeds totaled more than $125,000, excluding any associated transaction fees.
Fortis Inc. (FTS-T)
On Nov. 8, Jim Laurito sold 22,810 shares at a price per share of US$43.979 with 19,503 shares remaining in this particular account. Proceeds from the sale exceeded US$1-million, excluding commission charges.
In Dec. 2021, Mr. Laurito retired from his position as executive vice-president, business development at Fortis. He currently sits on the board of directors with ITC Holdings Corp., a subsidiary of Fortis Inc.
The share price is trading just below its 52-week high.
SunOpta Inc. (SOY-T)
On Nov. 8, chief information officer Rob Duchscher sold 50,000 shares at an average price per share of approximately US$7.33, reducing the holdings in this particular account to 42,971 shares. Proceeds totaled more than US$366,000, excluding trading fees.
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