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 an insider.
Cargojet Inc. (CJT-T)
On Nov. 21, executive chairman and founder Ajay Virmani invested nearly $1-million in shares of Cargojet. He purchased 13,180 shares at a price per share of $75.788, after which this particular account held 30,295 shares.
Previously, we reported that Mr. Virmani invested $1-million in shares of Cargojet on Nov. 10, acquiring 14,615 shares at an average price per share of roughly $68.44.
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Listed below are three stocks that have had recent selling activity in the public market reported by insiders.
Air Canada (AC-T)
On Nov. 24, president, chief executive officer and director Mike Rousseau exercised his options, receiving 68,498 shares at a cost per share of $9.41, and sold 68,498 shares at a price per share of $18.4022 with 153,305 shares remaining in this particular account. Net proceeds totaled more than $615,000, excluding any associated transaction charges.
FirstService Corp. Inc. (FSV-T)
On Nov. 20, director Joan Sproul sold 2,700 shares at an average price per share of approximately $213, leaving 2,300 shares in this particular account. Proceeds from the sale exceeded $575,000, not including any associated transaction charges.
Metro Inc. (MRU-T)
On Nov. 24, vice president and chief marketing officer and digital strategy Alain Tadros exercised his options, receiving 2,940 shares at an average cost per share of approximately $53.68, and sold 2,940 shares at an average price per share of roughly $99.15 with 5,268 shares remaining in this particular account. Net proceeds totaled roughly $133,000, excluding any associated transaction fees.