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 with recent buying activity in the public market reported by the CEO.
Tourmaline Oil Corp. (TOU-T)
Between Sept. 8-23, founder, chairman, president and chief executive officer Mike Rose invested $1-million in shares of Tourmaline. He purchased a total of 17,500 shares at an average cost per share of approximately $59.50 for two accounts, lifting the holdings in one account to 8,162,742 shares and the holdings in a different account to 35,901 shares.
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Listed below are three stocks with recent selling activity in the public market reported by insiders.
Alamos Gold Inc. (AGI-T)
On Sept. 19, Luis Chavez, senior vice president of Mexico, exercised his options, receiving 8,600 shares at a cost per share of $14.05, and sold 8,600 shares at a price per share of $44.2461, after which this particular account held 96,270 shares. Net proceeds totaled more than $259,000, not including any associated transaction charges.
Alimentation Couche-Tard Inc. (ATD-T)
Between Sept. 9-19, co-founder and director Richard Fortin sold a total of 779,000 shares at an average price per share of approximately $73.49, after which this specific account held 6,648,472 shares. Proceeds from the sales totaled more than $57 million, excluding trading fees.
Canadian Imperial Bank of Commerce (CM-T)
Between Sept. 11-19, Shawn Beber, president and chief executive officer of CIBC Bank USA, exercised his options, receiving a total of 44,132 shares at an average cost per share of roughly $57.37, and sold 44,132 shares at an average price per share of approximately $110.85, after which this particular account held 1,675 shares. Net proceeds exceeded $2.3-million, excluding any associated transaction fees.
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