Insiders at retailer Le Château Inc. started buying heavily last year as the stock moved off its lows. Over the ensuing months, insider purchases continued as the stock rallied. With Le Château shares up close to 200 per cent over the past year, it caught our attention that insiders are still adding to their positions. For example, since July 11, CEO Jane Silverstone has spent $425,217 buying stock in the public market. Purchase prices ranged between $4.59 and $4.83.
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.
Infographic reflects public-market transactions of common shares or unit trusts by company officers and directors.