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.
Listed below is a stock that has had recent buying activity in the public market reported by the CEO.
Orezone Gold Corp. (ORE-T)
On March 29, president, chief executive officer, and director Patrick Downey purchased 100,000 shares at an average cost per share of approximately $1.32, increasing this particular account’s position to 5,267,000 shares. The cost of this investment exceeded $132,000.
According to Refinitiv, this stock has a unanimous buy recommendation from five analysts with an average target price of $2.29, implying a potential return of nearly 70 per cent.
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Listed below are three stocks that have had recent selling activity in the public market reported by insiders.
Alimentation Couche-Tard Inc. (ATD-T)
On March 23, co-founder and director Jacques D’Amours sold 9,346 shares at a price per share of $64.2881 for an account in which he has indirect ownership (Fondation D’Amours), trimming this specific account’s holdings to 1,035,654 shares. Proceeds totaled over $600,000, excluding trading fees.
Kinaxis Inc. (KXS-T)
On March 23, vice-president of product development Gelu Ticala exercised his options, receiving 5,000 shares at an average cost per share of roughly $83.62, and sold 5,000 shares at a price per share of $185 with 220 shares remaining in this particular account. Net proceeds totaled over $506,000, not including any associated transaction charges.
Loblaw Companies Ltd. (L-T)
On March 24, president of Shoppers Drug Mart Jeff Leger exercised his options, receiving 7,000 shares at a cost per share of $59, and sold 7,000 shares at a price per share of $116.30, after which this specific account held 12,517 shares. Net proceeds exceeded $401,000, excluding any associated transaction fees.
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Jennifer Dowty