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.
Let’s begin the report featuring a stock that has had recent insider buying activity.
Cenovus Energy Inc. (CVE-T)
On June 15, Al Reid, executive vice-president – stakeholder engagement, safety, legal and general counsel, purchased 4,100 shares at a cost per share of $12.2097 taking his portfolio’s holdings up to 27,763 shares.
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The following three stocks have had recent insider selling activity.
Dollarama Inc. (DOL-T)
On June 19, John Assaly, vice-president – global procurement, divested 13,404 shares at a price per share of $153.60, eliminating his portfolio’s position.
On June 12 and June 13, Geoffrey Robillard, senior vice-president – import division, sold a total of 50,000 shares at an average price per share of approximately $150.07, reducing his portfolio’s position to 600,000 shares.
Enghouse Systems Ltd. (ENGH-T)
Between June 11 and June 14, chairman and chief executive officer Stephen Sadler sold a total of 9,100 shares at a price per share of $74.15, trimming his large account position to 4,071,800 shares.
Power Financial Corp. (PWF-T)
On June 13, president and chief executive officer Jeffrey Orr exercised his options and sold the corresponding number of shares (125,000) at a price per share of $32.6092, leaving 400,000 shares in his account.