Insiders seem to be signalling that too much bad news is priced into the stock. In late December, as the stock headed toward levels not seen since the fall of 2016, multiple insiders were buying at intensities not seen in years. One of the buyers was CEO Steven Walter Williams who acquired 54,000 shares at $36.86 on Dec. 21. This represented a nearly $2-million purchase. We note Mr. Williams was selling in February when the stock was trading around just above $43.
Ted Dixon is CEO of INK Research, which provides insider news and knowledge to investors. For more background on insider reporting in Canada, visit the FAQ section at www.inkresearch.com. Securities referenced in this profile may have already appeared in recent reports distributed to INK subscribers. INK staff may also hold a position in profiled securities.
Chart reflects public-market transactions of common shares or unit trusts by company officers and directors.