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.
Altus Group Limited (AIF-T)
Between Nov. 11-14, director Will Brennan invested over $13-million in shares of Altus Group. He acquired a total of 275,908 shares at a price per share of $49.89 for an account in which he has control or direction over (Long Path Partners), increasing the holdings in this specific account to 2,308,353 shares.
The stock is in correction territory, falling nearly 14 per cent month-to-date.
On Nov. 19, the stock had a relative strength index (RSI) reading of 31. Generally, an RSI reading at or below 30 reflects an oversold condition.
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Listed below are three stocks that have had recent selling activity in the public market reported by insiders.
Finning International Inc. (FTT-T)
On Nov. 13, president of Finning South America Juan Pablo Amar divested 7,000 shares at an average price per share of approximately US$53.31, reducing the holdings in this particular account to 28,848 shares. Proceeds from the sale totaled more than US$373,000, not including commission charges.
Lundin Gold Inc. (LUG-T)
On Nov. 13, vice president of legal and sustainability Sheila Colman exercised her options, receiving 15,000 shares at a cost per share of $10.42, and sold 15,000 shares at a price per share of $115.12, leaving 37,068 shares in this particular account. Net proceeds totaled more than $1.5 million, excluding any associated transaction fees.
Power Corporation of Canada (POW-T)
On Nov. 14, executive vice president Claude Généreux exercised his options, receiving 65,120 shares at a cost per share of $28.505, and sold 65,120 shares at an average price per share of approximately $69.57.
The following trading day, on Nov. 17, he exercised his options, receiving 25,000 shares at a cost per share of $30.27, and sold 25,000 shares at a price per share of $69.4113.
After these transactions, this particular account held 8,465 shares. Net proceeds totaled more than $3.6-million, excluding any associated transaction fees.
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