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 insider buying activity.
Encana Corporation (ECA-T)
In a relative small transaction, on March 6, the company’s chief operating officer Mike McAllister purchased 5,200 shares at a cost per share of $9.35, increasing his portfolio’s position to 45,367 shares. The cost of this trade was just over $48,000.
Listed below are three securities that have had recent selling activity reported by insiders.
Capital Power Corp. (CPX-T)
On March 1, chief financial officer Bryan DeNeve exercised his options and sold the corresponding number of shares received (84,279) at an average price per share just above $30, leaving 19,929 shares in his account. Proceeds from the sale amounted to over $2.5-million.
Northland Power Inc. (NPI-T)
On March 6, John Brace, who sits on the board of directors, divested 40,000 shares, trimming his account balance to 1,402,026 shares. Mr. Brace was the company’s chief executive officer from 2005 to 2018.
TFI International Inc. (TFII-T)
Between March 4 and March 6, chairman, president and chief executive officer Alain Bédard exercised his options and sold the corresponding number of shares received (210,000) at an average price per share of approximately $40.86. Proceeds from the sales totaled over $8.5-million.