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.
Listed below is a stock that has had recent buying activity in the public market reported by an insider.
TC Energy Corp. (TRP-T)
On March 24, executive vice president and chief operating officer of natural gas pipelines Tina Faraca bought 6,275 shares at a price per share of US$49.4185, increasing the holdings in this particular account to 12,970 shares. The cost of this purchase totaled more than US$310,000.
The company pays its shareholders a quarterly dividend of 85 cents per share, or $3.40 per share yearly, equating to a current annualized yield of 4.9 per cent.
On March 24, the share price closed at an all-time high of $70.56.
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Listed below are three stocks that have had recent selling activity in the public market reported by insiders.
AltaGas Ltd. (ALA-T)
On March 20-21, executive vice president and chief financial officer James Harbilas exercised his options, receiving a total of 107,718 shares at a cost per share of $19.57, and sold 107,718 shares at an average price per share of roughly $38.37 with 52,889 shares remaining in this particular account. Net proceeds totaled more than $2 million, not including any associated transaction fees.
Knight Therapeutics Inc. (GUD-T)
Between March 11-21, Sime Armoyan, with an ownership position exceeding 10 per cent, divested a total of 4,948,500 shares at an average price per share of approximately $6.22, leaving 7,535,300 shares in this particular account. Proceeds from the sales totaled over $30 million, excluding commission charges.
Taseko Mines Ltd. (TKO-T)
Between March 13-18, director Russell Hallbauer exercised his options, receiving a total of 119,800 shares at a cost per share of $1.23, and sold 119,800 shares at an average price per share of roughly $3.36. Net proceeds totaled more than $254,000, excluding any associated transaction charges.
In addition, he sold 22,798 shares at a price per share of $3.47 on March 18 with proceeds from this sale exceeding $79,000, excluding trading fees.
After these transactions, this particular account held 1,862,250 shares.
Mr. Hallbauer is the company’s former president and chief executive officer.
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