Dollarama stock has been under pressure since financial results earlier this month disappointed market expectations. The discount merchandiser reported diluted quarterly share earnings of 62 cents, compared with 56 cents a year earlier. That was not good enough for investors who sent the shares as low as $67.55 last week. However, the drop under the $70 level seems to have attracted the attention of insiders. Since June 17, two insiders have spent a combined total of $5.4-million buying shares in the public market.
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.
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