We revisit Atlantic Power Corp. last featured here on New Year's Eve. The stock hit a three-month low at the end of May, sinking to $3.11 at one point. Nevertheless, in contrarian fashion, insiders, including the CEO and the CFO, have been buying on weakness. Five insiders have spent a total of $414,825 picking up shares in the public market over the past 90 days at an average price of $3.24. The first week of June was kind to the insiders with the average trade moving into the money.
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.