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.
Colliers International Group Inc. (CIGI-T)
On Feb. 19, global chairman and chief executive officer Jay Hennick invested nearly $16-million in shares of Colliers. He purchased 100,000 shares at a price per share of $159.8897 for an account in which he has indirect ownership (The Jay & Barbara Hennick Foundation), after which this specific account held 131,400 shares.
Over the past eight trading sessions, the share price has tumbled 23 per cent.
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Listed below are three stocks that have had recent selling activity in the public market reported by insiders.
Fortis Inc. (FTS-T)
On Feb. 17, vice president of finance Karen Gosse exercised her options, receiving 13,684 shares at an average cost per share of approximately $54.51 and sold 13,684 shares at an average price per share of roughly $77.70. Net proceeds totaled more than $317,000, not including any associated transaction fees. After these transactions, this particular account held 52,228 shares.
Great-West Lifeco Inc. (GWO-T)
On Feb. 19, executive vice president and chief risk officer Dervla Tomlin exercised her options, receiving 29,200 shares at a cost per share of $34.677, and sold 29,200 shares at a price per share of $63.7436, after which this specific account did not hold any shares. Net proceeds totaled more than $848,000, excluding any associated transaction charges.
Toromont Industries Ltd. (TIH-T)
On Feb. 19, vice president of finance Jennifer Cochrane exercised her options, receiving 5,000 shares at a cost per share of $39.79 and sold 5,000 shares at a price per share of $204.50. Net proceeds totaled more than $823,000, not including any associated transaction fees. After these transactions, this specific account held 12,012 shares.
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