With the share price of Alimentation Couche-Tard Inc. up 30 per cent since we wrote about insider buying at the convenience store operator on Feb. 9, a key question has to be whether or not the outperformance can continue? Insider signals remain positive. Over the last 90 days, 10 insiders who are either directors or officers have acquired 880,870 shares through options (not shown on chart), but only 51,320 shares have been sold in the public market. It is often a bullish sign when insiders exercise options but do not sell all their newly acquired stock.
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.
Infographic reflects public-market transactions of common shares or unit trusts by company officers and directors.