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 a stock that has had recent insider buying activity.
Hudbay Minerals Inc. (HBM-T)
On Sept. 24, Carin Knickel, who sits on the board of directors, purchased 20,000 shares at an average cost per share of approximately U.S.$5.04, increasing her portfolio’s holdings to 26,825 shares.
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The following four securities have had recent selling activity reported by insiders.
Boardwalk Real Estate Investment Trust (BEI.UN-T)
On Sept. 24, Kelly Mahajan, vice-president of marketing and customer service, sold 851 units at a price per unit of $51.27, trimming her account balance to 3,121 units.
CannTrust Holdings Inc. (TRST-T)
An insider recently sold over $6-million worth of stock in this marijuana producer. On Sept. 21, vice chairman Mark Litwin sold a total of 500,000 shares across two accounts in which he has indirect ownership at a price per share of $12.65.
Quebecor Inc. (QBR.B-T)
In a transaction valued at over $600,000, on Sept. 20, Manon Brouillette, president and chief executive officer of Videotron, sold 25,000 shares at an average price per share of approximately $26.43, reducing her portfolio’s position to 75,000 shares. Videotron is a subsidiary of Quebecor Media Inc.
WSP Global Inc. (WSP-T)
On Sept. 24, David Langlois, chief accounting and treasury officer, exercised his options and sold the corresponding number of shares received (3,000) at a price per share of $71.551, leaving 504 shares in his portfolio. The proceeds from the sale totaled over $200,000.
Jennifer Dowty