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 are four stocks that have had recent selling activity in the public market reported by insiders.
Aritzia Inc. (ATZ-T)
On May 28, lead independent director John Currie sold 5,000 shares at an average price per share of approximately $155.33, leaving 22,100 shares in this particular account. Proceeds from the sale totaled more than $776,000, not including commission charges.
Mr. Currie is the former chief financial officer of Lululemon Athletica Inc. (LULU-Q).
ATS Corp. (ATS-T)
On June 2, vice president of mergers and acquisitions Joe Tassone exercised his options, receiving 4,842 shares at a cost per share of $20.89 and sold 4,842 shares at a price per share of $41.5536, after which this specific account held 7,026 shares. Net proceeds totaled more than $100,000, excluding any associated transaction fees.
Avino Silver and Gold Mines Ltd. (ASM-T)
On May 29, chief operation officer Carlos Rodriguez sold 56,700 shares at a price per share of $10.06, after which 2,661,996 shares remained in this specific account. Proceeds from the sale exceeded $570,000, excluding commission charges.
Bank of Montreal (BMO-T)
On June 1, Sharon Haward-Laird exercised her options, receiving 8,320 shares at an average price per share of approximately $93.21, and sold 8,320 shares at a price per share of $225.847, after which this particular account did not hold any shares. Net proceeds totaled over $1.1 million, excluding any associated transaction fees.
Ms. Haward-Laird is the group head of Canadian commercial banking and North American integrated solutions and co-head of Canadian personal and commercial banking at BMO Financial Group.