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 are two securities that have had recent insider buying activity.
Centerra Gold Inc. (CG-T)
On March 7, president and chief executive officer Scott Perry invested over $101,000 with the purchase of 15,400 shares at an average cost per share of approximately $6.57. This trade increased his account’s holdings to 92,714 shares.
That day, the company’s chief financial officer Darren Millman acquired 7,000 shares at an average price per share of $6.69, initiating a portfolio position. The cost of this trade was just under $47,000.
ECN Capital Corp. (ECN-T)
On March 6, Carol Goldman, who sits on the board of directors, bought 30,000 shares at a price per share of US$3.1473 for an account in which she has indirect ownership, initiating a position in this account. The cost of this transaction was approximately US$94,000.
Listed below are two stocks that have had recent selling activity reported by insiders.
Air Canada (AC-T)
On March 7, executive vice-president of operations Craig Landry exercised his options and sold the corresponding number of shares received (18,000) at a price per share of $32.3586, leaving 9,675 shares in his account. Proceeds from the sale exceeded $582,000.
On March 5, Samuel Elfassy, vice-president – safety, exercised his options and sold the corresponding number of shares received (3,961) at a price per share of $33.2832 with 9,713 shares remaining in his account. Proceeds from this trade totaled over $131,000.
George Weston Limited (WN-T)
Between March 4 and March 6, president and chief financial officer Richard Dufresne exercised his options and sold the corresponding number of shares received (40,000) at an average price per share of roughly $93.07, eliminating this account’s holdings. Proceeds from the sales exceeded $3.7-million.