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.
Let’s begin the report featuring a security that has had recent insider buying activity.
Artis Real Estate Investment Trust (AX.UN-T)
On June 19, trustee Lauren Zucker purchased 30,000 units at a cost per unit of U.S.$10.1037, initiating a portfolio position.
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The following three securities have had recent insider selling activity.
H&R Real Estate Investment Trust (HR.UN-T)
On June 18, Laurence Lebovic, who sits on the board of trustees, sold 3,088 units at a price per unit of $20.2391 for an account in which he has control or direction over, eliminating the account’s holdings.
Maple Leaf Foods Inc. (MFI-T)
Between June 4 and June 15, Chief Information Officer Andreas Liris sold a total of 2,500 shares at an average price per share of approximately $31.17, leaving 12,675 shares in his portfolio.
Royal Bank of Canada (RY-T)
On June 18, Doug McGregor, Group Head, RBC Capital Markets and RBC Investor & Treasury Services, Chairman and Chief Executive Officer of RBC Capital Markets, divested 10,000 shares at a price per share of $100.268, leaving 66,175 shares in his portfolio.
Earlier this month, were reported that Mr. McGregor sold 15,000 shares at a price per share of $99.249 on June 5.