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 or perhaps shares may be sold to address tax implications when options and rights are exercised. 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. In addition, I tend to put great weight on insider transaction activity when I see multiple insiders trading a company's shares or units. Furthermore, it can be of value to note if an insider’s share or unit balance (investment in the company) is trending higher or lower.
Listed below is a stock that has had recent insider buying activity.
Tamarack Valley Energy Ltd. (TVE-T)
On Feb. 5 and Feb. 6, Noralee Bradley, who sits on the board of directors, purchased a total of 23,000 shares in her personal trading account at an average cost per share of approximately $2.20, lifting her portfolio balance to 171,698 shares.
Listed below are three stocks that have had recent selling activity reported by insiders.
CGI Inc. (GIB-A-T)
On Feb. 5, Tim Hurlebaus, president of CGI Federal, a U.S. subsidiary of CGI Inc., exercised his options and sold the corresponding number of shares (15,167) at a price per share of $88.27, eliminating his portfolio’s position. Proceeds from the sale amounted to over $1.3-million. Last week, the share price closed at a record high.
Exco Technologies Ltd. (XTC-T)
On Feb. 7, William Schroers, CEO and president of the Automotive Solutions Group, divested 25,000 shares at a price per share of $10, leaving 25,000 shares in his account. Proceeds from the sale totaled $250,000.
FirstService Corp. (FSV-T)
On Feb. 8, Douglas Cooke, vice-president, corporate controller and corporate secretary, exercised his options and sold the corresponding number of shares received (18,750) at an average price per share of approximately $111.83 with 154,024 shares remaining in his portfolio. Proceeds from the sale totalled over $2-million.