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 security that has had recent buying activity in the public market reported by the president.
Baytex Energy Corp. (BTE-T)
Between March 9-23, president and chief operating officer Chad Lundberg bought a total of 58,600 shares at an average price per share of approximately $5.48, increasing the holdings in this particular account to 602,401 shares. The cost of this investment exceeded $320,000.
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Listed below are three stocks that have had recent selling activity in the public market reported by insiders.
Canadian Natural Resources Ltd. (CNQ-T)
On March 24, Gordon Giffin, who sits on the board of directors, sold 25,000 shares at a price per share of US$49.83, after which this particular account held 171,210 shares. Proceeds from the sale exceeded US$1.2-million, not including commission charges.
Kinross Gold Corp. (K-T)
On March 23, chief operating officer Claude Schimper sold 30,000 shares at an average price per share of roughly $38.25, leaving 73,443 shares in this particular account. Proceeds from the sale totaled over $1.1-million, excluding trading fees.
MCAN Mortgage Corp. (MKP-T)
Between March 24-26, president and chief executive officer Derek Sutherland sold a total of 25,000 shares at an average price per share of approximately $22.55 with 675,000 shares remaining in this particular account. Proceeds from the sales totaled over $563,000, excluding commission charges.
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