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 three securities that have had recent insider buying activity.
AutoCanada Inc. (ACQ-T)
On June 8, president and chief executive officer Steven Landry acquired 10,000 shares at an average cost per share of approximately $16.33, lifting his portfolio’s position to 35,000 shares.
Cineplex Inc. (CGX-T)
On June 11, chief human resources officer Cindy Bush bought 2,630 shares at a price per share of $28.97, increasing her account balance to 2,730 shares.
Crombie Real Estate Investment Trust (CRR.UN-T)
On June 11, Paul Sobey, the former president and chief executive officer of Empire Company Ltd., purchased 15,000 units at an average cost per unit of approximately $12.86 for an account in which he has indirect ownership (PDS Holdings Limited), increasing the account’s holdings to 45,000 units.
The following stock has had recent insider selling activity.
First Capital Realty Inc. (FCR-T)
On June 11, Jodi Shpigel, senior vice-president – development, divested 4,325 shares at a price per share of $21.07, reducing her portfolio’s position to 10,361 shares.