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 are three securities with recent buying activity in the public market reported by insiders.
Canadian National Railway Co. (CNR-T)
On Sept. 25, chair of the board Shauneen Bruder invested over $89,000 in shares of CN Rail. She bought 690 shares at a price per share of $129.537, increasing the holdings in this particular account to 17,806 shares.
Constellation Software Inc. (CSU-T)
On Sept. 26, president and chief operating officer Mark Miller invested more than $1 million in shares of Constellation. He purchased 275 shares at a price per share of $3,695.14 for an account in which he has indirect ownership (2427664 Ont. Inc.), after which this specific account held 11,753 shares.
On Sept. 26, chairman John Billowits invested over $732,000 in shares of CSI. He acquired 200 shares at a cost per share of $3,662.50, lifting the holdings in this particular account to 35,959 shares.
Month-to-date, shares of CSI are down nearly 20 per cent.
Morguard Real Estate Investment Trust (MRT-UN-T)
Between Sept. 3-25, Sime Armoyan, with an ownership position exceeding 10 per cent, invested over $738,000 in units of this REIT. She purchased a total of 129,200 units at an average cost per unit of approximately $5.72 for an account in which she has control or direction over (G2S2 Capital Inc.), increasing the holdings in this specific account to 355,349 units.
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Listed below is a stock with recent selling activity in the public market reported by an insider.
GoGold Resources Inc. (GGD-T)
On Sept. 25 and 26, corporate secretary Glenn Jessome sold a total of 748,000 shares at an average price per share of approximately $2.64 across two accounts with 298,505 shares remaining in one account and 904,375 shares remaining in a different account. Proceeds from the sales exceeded $1.9 million, excluding commission charges.
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