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 April 1-9, chairman, president and chief executive officer Mike Rose invested nearly $1.3-million in shares of Tourmaline. He purchased a total of 21,000 shares across three accounts at an average price per share of approximately $61.45.
This natural gas producer pays its shareholders a quarterly dividend of 50 cents per share, equating to a current annualized yield of approximately 3.3 per cent.
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Listed below are three stocks that have had recent selling activity in the public market reported by insiders.
IMAX Corp. (IMAX-N)
Between April 10-15, chief executive officer Rich Gelfond exercised his options, receiving 255,178 shares at a cost per share of US$31.40, and sold 255,178 shares at an average price per share of approximately US$37.50, after which this specific account held 765,002 shares. Net proceeds totaled more than US$1.5-million, excluding any associated transaction fees.
Perpetua Resources Corp. (PPTA-T)
On April 13, exploration manager Chris Dail sold 8,000 shares at a price per share of US$29.31, leaving 12,260 shares in this particular account. Proceeds from the sale totaled over US$234,000, excluding trading fees.
Rio2 Ltd. (RIO-T)
On April 13, founder and executive chairman Alex Black sold 260,000 shares at an average price per share of approximately $2.06 with 18,786,142 shares remaining in this particular account. Proceeds from the sale exceeded $535,000, excluding trading fees.