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.
Peyto Exploration and Development Corp. (PEY-T)
On March 19, corporate secretary Stephen Chetner bought 12,000 shares at an average price per share of approximately $16.91 across two accounts, increasing the holdings in one account (Carleton Equities Ltd.) to 193,565 shares and raising the holdings in a different account (RRSP) to 125,248 shares. The cost of these purchases totaled more than $202,000.
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Listed below are two stocks that have had recent selling activity in the public market reported by insiders.
Canadian Natural Resources Ltd. (CNQ-T)
Between March 14-26, chief financial officer Mark Stainthorpe exercised his options, receiving a total of 122,000 shares at an average cost per share of approximately $15.70, and sold 122,000 shares at an average price per share of roughly $43.30, after which this particular account did not hold any shares. Net proceeds totaled more than $3.6-million, not including any associated transaction fees.
Empire Company Ltd. (EMP-A-T)
On March 19, chief operating officer Pierre St-Laurent sold 5,354 shares at a price per share of $44.96, eliminating his position in this particular account. Proceeds from the sale totaled over $240,000, excluding commission charges.
On March 28, the share price closed at a record high of $46.63.
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The following security has had both buying and selling activity reported by an insider.
Pembina Pipeline Corp. (PPL-T)
On March 21, president and chief executive officer Scott Burrows exercised his options, receiving 69,591 shares at a cost per share of $37.31, and sold 69,591 shares at a price per share of $56.80. Net proceeds totaled over $1.3-million, not including any associated transaction fees.
In addition, he invested $114,000 in shares of Pembina with the purchase of 2,000 shares at a price per share of $57 on that same day.
After these transactions, this particular account held 37,014 shares.
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