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 securities that have had recent insider buying activity.
Obsidian Energy Ltd. (OBE-T)
On Aug. 27, Gordon Ritchie, who sits on the board of directors, bought 41,000 shares at a price per share of $1.40, lifting his portfolio’s holdings to 150,200 shares.
Fellow director Maureen Cormier Jackson acquired 100,000 shares at an average cost per share of approximately $1.30 on Aug. 20, taking her account balance up to 135,000 shares.
Pure Multi-Family REIT LP (RUF.UN-X)
On Aug. 27, chair Robert King purchased 20,000 units and a cost per unit of $8.51, increasing his account balance to 65,000 units.
The following three stocks have had recent insider selling activity.
Canadian Pacific Railway Ltd. (CP-T)
On Aug. 27, senior vice-president and chief risk officer Laird Pitz exercised his options and sold the corresponding number of shares (3,150) shares at an average price per share of approximately $269.63, eliminating his portfolio’s position.
Maple Leaf Foods Inc. (MFI-T)
In a transaction valued at over $1.5-million, chief operating officer Gary Maksymetz sold 50,000 shares at a price per share of $31.43 on Aug. 29, reducing his account’s holdings to 78,854 shares.
TMX Group Ltd. (X-T)
On Aug. 30, Cheryl Graden, senior vice-president – group head of legal and business affairs and corporate secretary, exercised her options and sold the corresponding number of shares (10,002) at an average price per share of approximately $89.02, eliminating her account’s position.