North American growth stocks have been feeling an early summer heat, with many selling off as investors switch into value names. In Canada, we see that small-cap growth stock People Corp. has taken a fainting spell, dropping 10 per cent from its 52-week high of $6.10 set on June 5. On June 28, as the stock tested correction territory, one officer bought and a director who was selling earlier has also bought, altogether spending $202,775 picking up 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.
Chart reflects public-market transactions of common shares or unit trusts by company officers and directors.