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 with recent buying activity in the public market reported by a CEO.
Dollarama Inc. (DOL-T)
Between Oct. 10-14, president, chief executive officer and director Neil Rossy bought a total of 59,426 shares at an average price per share of $174.93 for two accounts, after which one account held 75,099 shares and a different account held 1,482,442 shares. The cost of these purchases exceeded $10-million.
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Listed below are three stocks with recent selling activity in the public market reported by insiders.
BRP Inc. (DOO-T)
On Oct. 15, chief design officer Denys Lapointe exercised his options, receiving 38,600 shares at a cost per share of $26.6593, and sold 38,600 shares at a price per share of $94.35 with 27,981 shares remaining in this particular account. Net proceeds exceeded $2.6-million, excluding any associated transaction fees.
Endeavour Silver Corp. (EDR-T)
Between Oct. 9-14, chairman of the board Rex McLennan exercised his options, receiving 34,800 shares at a cost per share of $2.89, and sold 34,800 shares at an average price per share of approximately $12.22. Net proceeds exceeded $324,000, excluding any associated transaction charges.
On Oct. 15, Mr. McLennan sold 10,000 shares at a price per share of $12.922, after which this particular account did not hold any shares. Proceeds from the sale totaled more than $129,000, not including trading fees.
Linamar Corp. (LNR-T)
On Oct. 10, chief technology officer, executive vice president of sales and marketing and director Mark Stoddart sold 14,027 shares at a price per share of $71.33 for an account in which he has indirect ownership, after which this specific account held 474,846 shares. Proceeds from the sale exceeded $1 million, excluding commission charges.
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