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 two securities that have had recent insider buying activity.
Barrick Gold Corp. (ABX-T)
On March 25, executive chairman John Thornton invested over $4-million in shares of the company. He purchased 215,000 shares at a cost per share of US$14.2774, increasing this portfolio’s position to 4,200,219 shares.
Hudbay Minerals Inc. (HBM-T)
On March 21, Eugene Lei, senior vice-president – corporate development and strategy, acquired 11,000 shares at a cost per share of $9.23, lifting his account’s holdings to 75,941 shares. The cost of this investment totaled over $101,000.
**
Listed below are two stocks that have had recent selling activity reported by insiders.
Canadian Utilities Limited (CU-T)
On March 22, Sett Policicchio, senior vice-president – special project at ATCO Ltd. (Canadian Utilities Limited is an ATCO company), exercised his options and sold the corresponding number of shares received (5,000) at an average price per share of approximately $36.51, leaving 25,097 shares in this account. Proceeds exceeded $182,000.
IAMGOLD Corp. (IMG-T)
On March 22, Benjamin Little, senior vice-president – corporate affairs, HSS and people, sold 20,911 shares at a price per share of $4.75, reducing this account’s balance to 38,617 shares. Proceeds from the sale totaled just under $100,000.