On Monday, I reported on 10 securities with recent insider trading activity. Today, we shift the focus to companies that insiders are selling.
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 10 companies that have experienced recent insider selling activities in the public market through their direct and indirect ownership positions.
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.
AGT Food & Ingredients Inc. (AGT-T)
On March 24, chief operating officer Gaetan Bourassa exercised his options and sold the corresponding number of shares, 25,000 shares to be exact, at a price of $30.0792 per share.
Amaya Inc. (AYA-T)
Daniel Sebag, who recently announced plans to retire from his post as chief financial officer, sold 200,000 shares at a price of $22.60 per share on March 27. The following day, he sold 120,415 shares, and hr sold another 29,585 shares at a price of $22.3026 per share on March 29. In addition, Mr. Sebag has been exercising his options and selling the corresponding number of shares.
Canadian Apartment Properties REIT (CAR.UN-T)
Chief operating officer Mark Kenney sold 2,000 units at a price of $33.45 per unit on March 29, and two days prior, sold 2,500 units at a price of $32.25.
Canopy Growth Corp. (WEED-T)
Board member John Bell trimmed 14,000 shares from his portfolio on March 30. The previous week, on March 24, he sold 20,000 shares at a price of $9.84 per share.
Cargojet Inc. (CJT-T)
Chairman, president, and chief executive officer Ajay Virmani continued to reduce his ownership position. On March 31, he sold 5,600 shares, and the prior day, he sold 11,642 shares.
Last week, we reported that Mr. Virmani sold 7,800 shares on March 24, 5,000 shares on March 23 at a price of $46.015 per share, and 20,000 shares on March 22 at a price of $46 per share.
Gibson Energy Inc. (GEI-T)
President of U.S. operations Doug Wilkins trimmed 5,000 shares from his holdings on March 29. In addition, Michael Lindsay, vice-president of engineering and construction, sold 2,200 shares on March 27.
Silver Wheaton Corp. (SLW-T)
Douglas Holtby, the chairman of the board of directors, exercised his subscription rights for shares, and subsequently sold 2,000 shares at a price of $28.08 per share on March 28.
Numerous insiders have been reducing their ownership positions. Most recently, executive vice-president and general counsel Deirdre Stanley exercised her rights and sold the corresponding 9,393 shares at a price of $43.5307 (U.S.) on March 30.
Last week, we reported that Linda Walker, the chief accounting officer and controller, sold 3,232 shares at a price of $43.60 (U.S.) per share on March 23. Peter Warwick, chief people officer, sold 16,514 shares at a price of $43.3355 (U.S.) per share the previous day. David Craig, president of the financial and risk division, sold 20,269 shares on March 21, and the chief information officer, Richard King, sold 2,764 shares the prior day.
Vermilion Energy Inc. (VET-T)
Executive vice-president of people and culture Mona Jasinski sold 4,500 shares at a price of $49.50 per share on March 30, and the prior day sold 17,359 shares at a price of $49.20 per share.
On March 27, chief financial officer Worthing Jackman sold 8,918 shares at a price of $86.35 (U.S.).