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Inside the Market Monday’s Insider Report: Companies insiders are buying and selling

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.

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Let's begin the report featuring three stocks that have had recent insider buying activity.

Cogeco Communications Inc. (CCA-T)

On July 23, Mary-Ann Bell, a corporate director of Cogeco Inc., bought 750 shares at a cost per share of $69.55, initiating a portfolio position.

Cogeco Inc. (CGO-T)

On July 23, Ms. Bell, who sits on the board of directors, accumulated 800 shares at a price per share of $61.29, increasing her account balance to 2,300 shares.

Empire Company Ltd. (EMP.A-T)

On July 25, Doug Nathanson, senior vice-president, general counsel and secretary, acquired 2.450 shares at an average price per share of approximately $26.53, initiating a portfolio position.

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Earlier this month, president and chief executive officer Michael Medline purchased 9,400 shares at a price per share of $26.5041 for an account in which he has indirect ownership (2436212 Ontario Limited) on July 12, increasing the account’s holdings to 27,200 shares.

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The following stock has had recent insider selling activity.

Silvercorp Metals Inc. (SVM-T)

Between July 6 and July 24, director Yikang Liu sold a total of 55,714 shares at an average price per share of approximately $3.48, trimming his account position to 130,000 shares.


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