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 security that has had recent insider buying activity.
Cominar Real Estate Investment Trust (CUF.UN-T)
On March 11, chief financial officer Heather Kirk invested over $294,000 in units of the REIT. She purchased 25,100 units at an average price per unit of approximately $11.74, increasing the account’s holdings to 48,700 units.
Listed below are three stocks that have had recent selling activity reported by insiders.
Emera Inc. (EMA-T)
On March 7, Nancy Tower, president and chief executive officer of Tampa Electric, exercised her options, receiving 21,300 shares. The following day, she sold 21,300 shares at a price per share of $47.7675 with 57,327 shares remaining in her account. Emera Inc. owns Tampa Electric.
Sprott Inc. (SII-T)
On March 8, John Ciampaglia, chief executive officer of Sprott Asset Management, divested 50,000 shares at a price per share of $2.96 with a remaining account balance of 880,282 shares. Proceeds from the sale totaled $148,000.
Sun Life Financial Inc. (SLF-T)
On March 12, chief financial officer Kevin Strain exercised his options and sold the corresponding number of shares received (44,957) at a price per share of $50.61, leaving 2,250 shares in his account. Proceeds totaled over $2.2-million.