Skip to main content
Canada’s most-awarded newsroom for a reason
Enjoy unlimited digital access
$1.99
per week
for 24 weeks
Canada’s most-awarded newsroom for a reason
$1.99
per week
for 24 weeks
// //

File photo of Maple Leaf Foods plant in Kitchener, Ont.

The Globe and Mail

Insiders are taking profits off the table.

Several of the stocks listed below are trading near multi-year highs or record levels. Insiders are trimming positions and locking in attractive profits.

Listed below are seven companies that have experienced recent insider selling activities in the public market through their direct and indirect ownership positions.

Story continues below advertisement

Keep in mind, when looking at transaction activities by insiders, selling activity may or may not be related to a stock's valuation; perhaps an insider needs to raise money for personal reasons. Furthermore, an insider's total holdings should be considered because a sale may, in context, be insignificant if this person has a large remaining position in the company. I tend to put great weight on insider transaction activity when I see multiple insiders selling a company's shares.

Advantage Oil & Gas Ltd. (AAV-T)

President and chief executive officer Andy Mah, who is also a board member, sold 20,000 shares at a price of $8.15 per share on March 8.

Equitable Group Inc. (EQB-T)

Insider Tamara Malozewski sold 1,800 shares at a price of $71.50 per share on March 3 and sold 1,200 shares the prior day at a price of $71.65.

Kinaxis Inc. (KXS-T)

Douglas Olbeth, chairman of the board, has been reducing his holdings, selling 21,200 shares on March 10 at a price of $73.0477 per share. The prior day, he sold 28,800 shares. On March 8, he sold 46,400 shares, and on March 7, he pruned the portfolio by 3,600 shares at $71.7806 per share.

Story continues below advertisement

Maple Leaf Foods Inc. (MFI-T)

Several management executives have recently exercised options and sold shares. Richard Young, the senior vice-president of the supply chain and purchasing, exercised options and has been trimming his portfolio, selling 1,000 shares at a price of $31.60 per share on March 6, eliminating 16,400 shares on March 3, selling 7,000 shares on March 2 and sold another 7,000 shares on March 1. In addition, Randall Huffman, senior vice-president of operations, exercised options and sold 19,300 shares on March 2 at a price of $31.3245 per share. On March 1, management executive Ian Henry pared down his portfolio by 4,500 shares at a price of $31 per share.

Redknee Solutions Inc. (RKN-T)

Chief operating officer Vishal Kothari sold half a million shares on March 6, eliminated 504,500 shares on March 3, pared down holdings by 228,700 shares on March 2 and sold 173,000 shares on March 1.

Rogers Communications Inc. (RCI.B-T)

On March 8, chief human resources officer Jim Reid sold 3,550 shares at a price of $56.65 per share.

Story continues below advertisement

West Fraser Timber Co. Ltd. (WFT-T)

Last week, board member Gerald Miller sold 5,000 shares on March 8.

Your Globe

Build your personal news feed

  1. Follow topics and authors relevant to your reading interests.
  2. Check your Following feed daily, and never miss an article. Access your Following feed from your account menu at the top right corner of every page.

Follow the author of this article:

Follow topics related to this article:

View more suggestions in Following Read more about following topics and authors
Report an error Editorial code of conduct
Tickers mentioned in this story
Due to technical reasons, we have temporarily removed commenting from our articles. We hope to have this fixed soon. Thank you for your patience. If you are looking to give feedback on our new site, please send it along to feedback@globeandmail.com. If you want to write a letter to the editor, please forward to letters@globeandmail.com.

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Click here to subscribe.

If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. Readers can also interact with The Globe on Facebook and Twitter .

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Click here to subscribe.

If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. Readers can also interact with The Globe on Facebook and Twitter .

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff.

We aim to create a safe and valuable space for discussion and debate. That means:

  • Treat others as you wish to be treated
  • Criticize ideas, not people
  • Stay on topic
  • Avoid the use of toxic and offensive language
  • Flag bad behaviour

If you do not see your comment posted immediately, it is being reviewed by the moderation team and may appear shortly, generally within an hour.

We aim to have all comments reviewed in a timely manner.

Comments that violate our community guidelines will not be posted.

UPDATED: Read our community guidelines here

Discussion loading ...

To view this site properly, enable cookies in your browser. Read our privacy policy to learn more.
How to enable cookies