The broad real estate group regained some upward momentum after the market plunge of Donald Trump’s “Liberation Day,” but Morguard Corp. (MRC-T) has not kept pace. Meanwhile, insiders have been buying as the stock strolls around the $112 mark.
From May 16 to June 3, director Bruce Robertson bought 29,500 common shares in the public market at an average price of $112.96. In addition, from May 23 to 30, 10-per-cent holder and value investor Sime Armoyan reported purchasing 5,600 shares at an average price of $111.96 (not shown on chart).
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Ted Dixon is the CEO of INK Research, which provides insider news and knowledge to investors. For more background on insider reporting in Canada, visit the FAQ section at www.inkresearch.com. Securities referenced in this profile may have already appeared in recent reports distributed to INK subscribers. INK staff may also hold a position in profiled securities.
Chart reflects public-market transactions of common shares or unit trusts by company officers and directors.