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 stocks that have had recent insider buying activity.
Baytex Energy Corp. (BTE-T)
On June 22, president and chief executive officer Edward Lafehr purchased 23,500 shares at a cost per share of $4.27, increasing his portfolio’s position to 222,383 shares.
The previous day, Trudy Curran, who sits on the board of directors, bought 17,685 shares at a price per share of $4.2238, after which her account balance stood at 48,596 shares.
On June 19, director Mark Bly acquired 90,000 shares at a cost per share of U.S. $3.393, taking his account’s holdings up to 120,000 shares.
Freehold Royalties Ltd. (FRU-T)
On June 21, Robert Lamond, vice-president – exploration, accumulated 4,000 shares at a price per share of $12.18, doubling his account position to 8,000 shares.
Restaurant Brands International Inc. (QSR-T)
On June 18, director Golnar Khosrowshahi purchased 5,670 shares at a price per share of $79.70, initiating a portfolio position.
The following stock has had recent insider selling activity.
Canadian Western Bank (CWB-T)
On June 12, Glen Eastwood, executive vice-president – business yransformation, exercised his options, receiving 5,138 shares. On June 20, he sold all 5,138 shares at a price per share of approximately $36.20, leaving 1,828 shares in his portfolio. In a separate account, he sold 1,000 shares at a price per share of $36.353 on June 13, leaving a balance of 1,065 shares.
Previously, we reported that Jeff Bowling, senior vice-president – regional general manager, Prairie region, sold 1,500 shares at a price per share of $37.20 on June 11, leaving 991 shares in his portfolio.