INK Canadian Insider Index member Canadian Tire Corp. Ltd. set a 52-week low of $108.14 on Nov. 11. It has since rallied, outperforming the market. The company announced third-quarter results on Nov. 12, which likely had something to do with the rebound. Third-quarter revenue was $3.13-billion, up from $3.07-billion in the third quarter of 2014. Following the news, insiders acquired on net nearly $3-million worth of Class A Non-Voting Shares. In particular, on Nov. 23, CEO Michael Medline acquired 9,200 shares. On Dec. 4, CFO Dean McCann acquired 14,500 shares.
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. 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.
Infographic reflects public-market transactions of common shares or unit trusts by company officers and directors.