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 insider buying activity.
Wallbridge Mining Company Limited (WM-T)
Between March 1 and March 12, billionaire businessman Eric Sprott, with an ownership position exceeding 10 per cent, invested nearly $500,000 in shares of the company. He acquired a total of 1,789,500 shares at an average price per share of roughly 28 cents for an account in which he has indirect ownership (2176423 Ontario Ltd.), increasing the account’s holdings to 79,202,396 shares.
Listed below are three stocks that have had recent selling activity reported by insiders.
Kirkland Lake Gold Ltd. (KL-T)
Between March 1 and March 12, Mr. Sprott sold a total of 502,700 shares at an average price per share of approximately $47.46 for an account in which he has indirect ownership (2176423 Ontario Ltd.), leaving 3,071,331 shares in the account. Proceeds from the sales totaled over $23-million.
Bank of Montreal (BMO-T)
On March 13, Pat Cronin, chief risk officer- BMO Financial Group, exercised his options and sold the corresponding number of shares received (26,022) at a price per share of $102.157, eliminating this account’s position. Proceeds from the sale exceeded $2.6-million.
Canadian Western Bank (CWB-T)
In a relatively small transaction, chief information officer Darrell Jones sold 1,500 shares at a price per share of $29.537 on March 12, trimming his account balance to 17,878 shares. Proceeds from the sale totaled over $44,000.