Industrial equipment distributor Wajax Corp. stock has been rising despite the turmoil in Europe. The share price got a boost earlier this month after the firm reported $1.03 in earnings per share in the first quarter, which was a 33 per cent jump over the same period last year. After the news, CEO Mark Foote was buying. Between May 10 and May 16 he bought 5,000 shares at an average price of $50.16. So far this year, the new CEO has spent $834,406 buying company 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.
Chart reflects public-market transactions of common shares or unit trusts by company officers and directors.
Infographic: CEO Foote buying at Wajax