Exteriors of the Sobeys supermarket at Laird Dr. and Wicksteed Ave. inin Toronto on Jan. 9. 2014.Fred Lum/The Globe and Mail
Food retail and distribution firm and INK Canadian Insider Index member Empire Co. Ltd. announced a major change on Jan. 12 with the hiring of former Canadian Tire chief executive Michael Medline as its new CEO.
Investors cheered the news, sending the stock up 7.7 per cent the next day.
A week later, director William Linton joined the crowd of enthusiasts by spending $199,290 buying shares in the public market.
Subsequently on Jan. 24, Mr. Medline spent more than twice that, some $486,149, buying stock in the public market.
Disclaimer:
Ted Dixon is CEO of INK Research which provides insider news and knowledge to investors. For more background on insider reporting in Canada, visit the FAQ section at www.inkresearch.com. Securities referenced in this profile may have already appeared in recent reports distributed to INK subscribers. INK staff may also hold a position in profiled securities.
Graph Footnote:
Chart reflects public-market transactions of common shares or unit trusts by company officers and directors.