While 2023 sales at movie theatre operator Cineplex Inc. CGX-T grew by 25.9 per cent to $1.4-billion, the last 12 months have been a flop for the share price. As the stock headed on a journey to set a 52-week low this month, insiders were buying. Since Feb. 28, four Cineplex insiders have spent a total of $185,011 buying shares. The 24,500 shares were purchased at an average price of $7.55. The most recent buying was on March 21 when chief operating officer Daniel McGrath bought 10,000 shares at $7.51.
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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.
Ted Dixon