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 stock that has had recent insider buying activity.
Centerra Gold Inc. (CG-T)
On June 12, president and chief executive officer Scott Perry purchased 7,600 shares at a cost per share of $7.28, lifting his account’s holdings to 43,205 shares.
=====
The following three stocks have had recent insider selling activity.
Brookfield Asset Management Inc. (BAM.A-T)
Between June 7 and June 11, affiliated director Jack Cockwell divested a total of 200,000 shares at an average price per share of approximately $53.44, trimming his portfolio’s holdings to 15,370,231 shares.
Previously, we reported that the chief executive officer Bruce Flatt sold a total of 909,758 shares at an average price per share of approximately U.S. $40.53 between May 16 and May 25, leaving 7,276,522 shares in his portfolio.
Canadian Western Bank (CWB-T)
On June 11, Jeff Bowling, Senior Vice-President – Regional General Manager, Prairie Region, sold 1,500 shares at a price per share of $37.20, leaving 991 shares in his portfolio.
Finning International Inc. (FTT-T)
On June 8, Jeff Erdman, vice-president of risk management, sold a total of 2,435 shares at a price per share of $34.04 with a remaining account balance of 8,721 shares.
On June 6, Juan Pablo Amar, management executive at Finning Chile, exercised his options and sold the corresponding number of shares (2,643) at an average price per share of approximately $34.49. His remaining account balance stood at 18,962 shares.