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Air Canada insiders were buying as the stock struggled in the early weeks of the Iran war. In particular, on March 16, Vice President of International Airport Operations Gilda Romanelli bought 1,500 Class B voting shares at $17.04. We continued to see additional insider buying reported in March and April. What caught our attention recently was some buying as the stock rallied in May following Q1 results. On May 30, Executive Vice President & CFO John Di Bert bought 4,415 Class B voting shares at $21.91.
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.