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 or perhaps shares may be sold to address tax implications when options and rights are exercised. 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. In addition, I tend to put great weight on insider transaction activity when I see multiple insiders trading a company’s shares or units. Furthermore, it can be of value to note if an insider’s share or unit balance (investment in the company) is trending higher or lower.
Listed below are four stocks that have had recent selling activity in the public market reported by insiders.
Bank of Montreal (BMO-T)
On June 24, BMO Financial Group’s chief administrative officer and chief human resources officer Mona Malone exercised her options, receiving 9,517 shares at an average cost per share of approximately $99.20, and sold 9,517 shares at an average price per share of roughly $244.63, after which 1,758 shares remained in this particular account. Net proceeds exceeded $1.3 million, not including any associated transaction charges.
Barrick Mining Corp. (ABX-T)
Between June 19-22, president and chief executive officer Mark Hill sold a total of 46,422 shares at an average price per share of approximately $56.12 reducing the holdings in this particular account to 334,176 shares. Proceeds from the sales totaled more than $2.6 million, excluding trading fees.
BRP Inc. (DOO-T)
On June 24, Yannick Desrochers, vice president of financial planning and analysis, sold 1,475 shares at a price per share of $87, trimming the holdings in this specific account to 14,966 shares. Proceeds from the sale totaled more than $128,000, excluding commission charges.
Canaccord Genuity Group Inc. (CF-T)
Between June 16-23, Don MacFayden, chief financial officer of U.S. operations, sold a total of 79,000 shares at an average price per share of roughly $14.78 with 141,705 shares remaining in this particular account. Proceeds from the sales exceeded $1.1 million, excluding trading fees.
On June 18, the share price closed at $15, its highest closing price since 2022.