Featured below are companies that have experienced recent insider trading activity in the public market through their direct and indirect ownerships, including accounts they have control or direction over.
The list features insider transaction activity; it does not convey total ownership information as an insider may hold numerous accounts.
Keep in mind, when looking at transaction activities by insiders, purchasing activity may reflect perceived value in a security. Selling activity may or may not be related to a stock’s valuation; perhaps an insider needs to raise money for personal reasons. 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 trading a company’s shares or units.
Let's begin the report featuring a stock that has had recent insider buying activity.
Atlantic Gold Corp. (AGB-X)
On Sept. 24, Donald Siemens, who sits on the board of directors, purchased 70,000 shares at a cost per share of $1.67, increasing his portfolio’s position to 330,000 shares.
=====
The following three securities have had recent selling activity reported by insiders.
Alimentation Couche-Tard Inc. (ATD.B-T)
With a total transaction value of over $13-million, between Sept. 18 and Sept. 27, director and co-founder Richard Fortin sold a total of 200,000 shares at an average price per share of approximately $65.71. After these sales, his portfolio held 456,600 shares.
Earlier this month, we reported that, in a transaction valued at over $4-million, president and chief executive officer Brian Hannasch exercised his options, receiving 75,000 shares, and divested 66,620 shares at a price per share of $66.23 on Sept. 10.
Canadian Imperial Bank of Commerce (CM-T)
On Sept. 18, president and chief executive officer Victor Dodig exercised his options and sold the corresponding number of shares received (16,000) at a price per share of $122.91, leaving 16,181 shares in his portfolio. Proceeds from the sale totaled nearly $2-million.
K-Bro Linen Inc. (KBL-T)
Between Sept. 18 and Sept. 21, Ronald Graham, general manager – Vancouver, sold a total of 9,317 shares at an average price per share of $37.65 with 3,022 shares remaining in his account.
Jennifer Dowty