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 buying activity reported by insiders.
Cenovus Energy Inc. (CVE-T)
On May 31, Claude Mongeau, appointed to the board of directors in 2016, invested over $794,000 in shares of Cenovus. He purchased 78,000 shares at a cost per share of $10.1888, after which this specific account held 339,495 shares.
Previously, we reported that the chairman of the board Keith MacPhail bought 40,000 shares at a price per share of $9.742 on May 17, increasing this particular account’s position to 406,000 shares. The cost of this investment exceeded $389,000.
Listed below are four securities that have had recent selling activity reported by insiders.
Bausch Health Companies Inc. (BHC-T)
On May 26, Amy Wechsler, who sits on the board of directors, sold 11,037 shares at a price per share of U.S. $31.785, eliminating her position in this specific account. Proceeds from the sale totaled over U.S. $350,000, excluding trading fees.
BCE Inc. (BCE-T)
On May 26, president and chief executive officer of BCE Inc. and Bell Canada Mirko Bibic divested 5,000 shares at a price per share of $60 for an account in which he has indirect ownership, trimming this particular account’s position to 12,632 shares. Proceeds from the sale totaled $300,000, not including commission charges.
Previously, we reported that the senior vice-president and chief brand officer Devorah Lithwick divested 5,225 shares at a price per share of $60.05 on May 21, eliminating her position in this specific account. Proceeds from the sale exceeded $313,000, not including commission charges.
Canadian Natural Resources Ltd. (CNQ-T)
On June 2, senior vice-president of marketing Bryan Bradley sold 6,000 shares at a price per share of $45.015 with 26,248 shares remaining in this particular account. Proceeds from the sale exceeded $270,000, not including trading fees.
Between May 12-14, Steve Laut, who sits on the board of directors, sold a total of 75,000 shares at an average price per share of roughly $41, trimming this specific account’s holdings to 2,180,360 shares. Proceeds totaled over $3-million, not including trading fees.
Copper Mountain Mining Corp. (CMMC-T)
Between May 28 and June 3, chief financial officer Rod Shier divested a total of 200,000 shares, reducing this specific account’s holdings to 1,943,400 shares. Prices were not disclosed; however, during this time period the stock price traded between $4.07 and $4.43. As such, proceeds from the sales totaled over $800,000, excluding commission fees.
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