The shares of Canadian Tire Corp. Ltd. (CTC.A-T) slid more than 10 per cent after the retailer released second-quarter results on Aug. 7. Excluding petroleum, revenue rose to $3.7-billion, up 8.4 per cent compared to the same quarter a year ago. However, net income from continuing operations fell 19.0 per cent to $188.3-million. Two insiders bought shares in the public market during the sell-off. On Aug. 8, Executive Vice President & CFO Darren Myers bought 1,875 Class A Non-Voting Shares at $159.81. On Aug. 11, Director Lyne Levesque-Castonguay bought 1,700 Class A Non-Voting Shares.
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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.