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Inside the Market Monday’s Insider Report: Two executives sold over $7-million worth of this ‘Big 5’ bank stock

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 two securities that have had recent insider buying activity.

Brookfield Property Partners L.P. (BPY.UN-T)

On Sept. 7, chief financial officer Bryan Davis purchased 10,000 units at a price per unit of $25.79. The prior day, Mr. Davis acquired 10,000 units at a cost per unit of $25.58. After these two trades, his account held 94,637 units.

Freehold Royalties Ltd. (FRU-T)

On Sept. 6, chair Marvin Romanow purchased 20,000 shares at a price per share of $11.167, increasing his account balance to 51,856 shares.

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The following three stocks have had recent insider selling activity.

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CES Energy Solutions Corp. (CEU-T)

On Sept. 4, chief financial officer Craig Nieboer exercised his options and sold the corresponding number of shares (50,000) at a price per share of $4.47 with 962,776 shares remaining in his account.

National Bank of Canada (NA-T)

On Aug. 30, National Bank Investments Inc.’s chief financial officer Alain Legris exercised his options and sold the corresponding number of shares (53,990), leaving 8.837 shares in his portfolio. National Bank Investments Inc. is a subsidiary of National Bank of Canada.

Toronto-Dominion Bank (TD-T)

In a transaction valued at over $2.8-million, Michael Rhodes, Group Head – Innovation, Technology, and Shared Services, exercised his options and sold the corresponding number of shares (35,824) at a price per share of $78.98 on Sept. 5, eliminating his portfolio’s position.

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The previous day, in a trade valued at over $4.4-million, Teri Currie, Group Head- Canadian Personal Banking, exercised her options and sold the corresponding number of shares (56,064) at a price per share of $78.68, eliminating her account’s holdings.

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