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Inside the Market Wednesday’s Insider Report: CEO invests nearly $200,000 in this depressed stock

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.

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Listed below is a security that has had recent insider buying activity.

Yamana Gold Inc. (YRI-T)

On May 9, president and chief executive officer Daniel Racine invested over $195,000 in shares of the company. He purchased 70,000 shares at a cost per share of $2.7935, increasing his portfolio’s position to 369,453 shares.

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Listed below are three stocks that have had recent selling activity reported by insiders.

CGI Inc. (GIB.A-T)

On May 6, Lorne Gorber, executive vice-president – investor and public relations, exercised his options, receiving 12,159 shares at an average price per share of approximately $60.18. He sold 12,159 shares at an average price per share of roughly $95.77, eliminating this portfolio’s holdings. Net proceeds from the sale, excluding brokerage fees, totaled over $430,000.

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Canadian National Railway Company (CNR-T)

On May 7, Sean Finn, executive vice-president – corporate services and chief legal officer, divested 1,000 shares at a price per share of $123.58, leaving 15,887 shares in this account. Gross proceeds exceeded $123,000.

Previously, we reported that Mr. Finn sold 1,250 shares at a price per share of $124.314 on May 1. Gross proceeds from this trade exceeded $155,000.

Constellation Software Inc. (CSU-T)

On May 6, John Billowits, chief executive officer of Vela Operating Group, sold 2,000 shares at a price per share of $1,167.50. Gross proceeds from the sale exceeded $2.3-million. Vela Operating Group is a wholly-owned division of Constellation.

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