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 the CEO.
Tourmaline Oil Corp. (TOU-T)
Between Dec. 2-17, founder chairman, president and chief executive officer Mike Rose invested over $780,000 in shares of Tourmaline. He purchased a total of 12,500 shares at an average price per share of approximately $62.54), after which this specific account held 8,233,070 shares.
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Listed below are three stocks that have had recent selling activity in the public market reported by insiders.
Bank of Nova Scotia (BNS-T)
On Dec. 10, chief financial officer Raj Viswanathan exercised his options, receiving 49,110 shares at an average cost per share of approximately $74.64, and sold 49,110 shares at a price per share of $100.42. Net proceeds totaled more than $1.2-million, excluding any associated transaction charges. This particular account now holds 42,466 shares.
CAE Inc. (CAE-T)
On Dec. 15, chief operating officer Nick Leontidis sold 22,000 shares at a price per share of $40.75, reducing the holdings in this particular account to 20,122 shares. Proceeds from the sale totaled nearly $900,000, excluding commission charges.
Canadian Imperial Bank of Commerce (CM-T)
On Dec. 11, senior executive vice-president and group head of CIBC Capital Markets Christian Exshaw exercised his options, receiving 112,413 shares at a cost per share of $59.39, and sold 112,413 shares at a price per share of $127.3563 with 35,503 shares remaining in this particular account. Net proceeds totaled more than $7.6 million, not including any associated transaction fees.
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