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 two companies that have had insider buying activity.
Listed below is a stock that has had recent insider buying activity.
Inter Pipleline Ltd. (IPL-T)
On Feb. 26, David Chappell, senior vice-president – petrochemical development, invested over $116,000 in shares of the company. He purchased 5,500 shares at a price per share of $21.20, increasing his portfolio’s position to 17,650 shares.
Listed below are three securities that have had recent selling activity reported by insiders.
CAE Inc. (CAE-T)
On Feb. 25, president and chief executive officer Marc Parent exercised his options and sold the corresponding number of shares received(266,000) at an average price per share just above $28, leaving 243,006 shares in his account. Proceeds from the sale totaled over $6.8-million.
Canopy Growth Corp. (WEED-T)
With the share price up over 70 per cent year-to-date, on Feb. 26, chief information officer Ru Wadasinghe exercised his options and sold the corresponding number of shares received (16,666) at a price per share of $59.355, eliminating his portfolio’s position. Proceeds from the sale totaled over $989,000.
Magna International Inc. (MG-T)
On Feb. 25, chief operating officer Tommy Skudutis exercised his options and sold the corresponding number of shares received (68,315) at a price per share of U.S.$53.80. Proceeds from this sale totaled over U.S.$3.6-million. In addition, he divested 56,411 shares at a price per share of Cdn. $71.03 with proceeds amounting to over Cdn. $4-million. His remaining account balance stood at 9,574 shares.