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 are four securities that have had recent selling activity in the public market reported by insiders.
Artemis Gold Inc. (ARTG-X)
On July 2, chief ESG officer Candice Alderson sold 25,000 shares at a price per share of $32.90, reducing the holdings in this particular account to 699,136 shares. Proceeds from the sale exceeded $822,000, excluding commission charges.
Brookfield Corp. (BN-T)
On June 23 and 24, director Jack Cockwell sold a total of 269,300 shares at an average price per share of approximately $62 for an account in which he has indirect ownership, after which 55,714,551 shares remained in this specific account. Proceeds from the sales exceeded $16 million, excluding trading fees.
CCL Industries Inc. (CCL.B-T)
On June 26, Stu Lang, with an ownership position exceeding 10 per cent, sold 100,000 shares at a price per share of $92.5623 for an account he has control or direction over (The Angel Gabriel Foundation), after which this specific account held 1,788,663 shares. Proceeds from the sale exceeded $9.2 million, excluding commission charges.
SmartCentres Real Estate Investment Trust (SRU-UN-T)
On June 22, Michael Young, who sits on the board of trustees, sold 15,000 units at a price per unit of $30.02, after which 80,911 units remained in this particular account. Proceeds from the sale totaled more than $450,000, not including trading fees.