Insiders at Gluskin Sheff + Associates Inc.bought during Wednesday's market sell-off. On Jan. 20, CFO David Morris acquired 5,000 shares at an average price of $15.97 while director Pierre-André Themens acquired 2,500 shares at $15.36. It is encouraging to see insider purchases at firms such as Gluskin Sheff, given our view that for a sustained market rally to occur, non-REIT financials will have to participate. The more buying we see in that group, the greater confidence we will have the broad market can move higher.
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. 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.
Infographic reflects public-market transactions of common shares or unit trusts by company officers and directors.