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.
Rogers Communications Inc. (RCI-B-T)
On May 25, lead director Rob Gemmell invested over $252,000 in shares of Rogers. He acquired 5,000 shares at a cost per share of $50.4508, increasing the holdings in this particular account to 40,000 shares.
Mr. Gemmell is the former president and chief executive officer of Citigroup Global Markets Canada.
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Listed below are three stocks that have had recent selling activity in the public market reported by insiders.
Black Diamond Group Ltd. (BDI-T)
Between May 5-27, Ted Redmond, chief operating officer of Modular Space Solutions, sold a total of 281,300 shares at an average price per share of approximately $18.89, leaving 182,420 shares in this particular account. Proceeds from the sales totaled more than $5.3-million, not including commission charges.
Canadian Pacific Kansas City Ltd. (CP-T)
On May 26, executive vice president and chief marketing officer John Brooks exercised his options, receiving 65,130 shares at a cost per share of US$53.16, and sold 65,130 shares at a price per share of US$88.872, after which this specific account did not hold any shares. Net proceeds totaled more than US$2.3-million, excluding any associated transaction fees.
Kinross Gold Corp. (K-T)
Between May 6-25, chief operating officer Claude Schimper sold a total of 37,000 shares at an average price per share of approximately $40.82, reducing the holdings in this particular account to 37,060 shares. Proceeds from the sales totaled more than $1.5 million, excluding trading fees.