Are Cargojet CJT-T shares about to take off again? The stock is down more than 40 per cent over the past 12 months but insiders are betting on a turnaround. The stock has the makings of a classic contrarian situation as five insiders spent more than a combined total of $1.5-million acquiring shares in the public market on Nov. 10. The largest buyer was chairman Ajay Virmani, who bought 14,615 shares at an average price of $68.44. Co-CEO Pauline Dhillon was also buying, picking up 7,265 shares at $68.81.
stock
Ted Dixon is CEO of INK Research, which provides insider news and knowledge to investors. For more background on insider reporting in Canada, visit the FAQ section at www.inkresearch.com. Securities referenced in this profile may have already appeared in recent reports distributed to INK subscribers. INK staff may also hold a position in profiled securities.
Chart reflects public-market transactions of common shares or unit trusts by company officers and directors.