Skip to main content

Inside the Market Tuesday’s Insider Report: Company’s president cashes out his portfolio’s position as the share price hits a record high

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.

Story continues below advertisement

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.

Report an error Editorial code of conduct
Tickers mentioned in this story
Unchecking box will stop auto data updates
Due to technical reasons, we have temporarily removed commenting from our articles. We hope to have this fixed soon. Thank you for your patience. If you are looking to give feedback on our new site, please send it along to feedback@globeandmail.com. If you want to write a letter to the editor, please forward to letters@globeandmail.com.

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Click here to subscribe.

If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. Readers can also interact with The Globe on Facebook and Twitter .

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Click here to subscribe.

If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. Readers can also interact with The Globe on Facebook and Twitter .

Discussion loading ...

Cannabis pro newsletter