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 four stocks that have had recent selling activity in the public market reported by insiders.
Paramount Resources Ltd. (POU-T)
Between May 13-20, Blake Reid, executive vice president of operations, sold a total of 48,279 shares at an average price per share of approximately $31.93 reducing the holdings in this particular account to 149,034 shares. Proceeds from the sales totaled more than $1.5-million, excluding trading fees.
Power Corporation of Canada (POW-T)
Between May 14-21, executive vice president Claude Généreux exercised his options, receiving a total of 140,000 shares at a cost per share of $34.2325, and sold 140,000 shares at an average price per share of approximately $80.94, after which this specific account held 935,857 shares. Net proceeds totaled more than $6.5-million, excluding any associated transaction fees.
Russel Metals Inc. (RUS-T)
On May 20, director, president and chief executive officer John Reid sold 28,935 shares at a price per share of $58.62 leaving 306,147 shares in this particular account. Proceeds from the sale totaled nearly $1.7-million, not including commission charges.
TransAlta Corp. (TA-T)
Between May 7-21, Jane Fedoretz, executive vice president of people, culture and chief administrative officer, sold a total of 35,000 shares at an average price per share of approximately $17.70, after which this specific account held 49,906 shares. Proceeds from the sales totaled more than $619,000, excluding commission charges.