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 four securities that have had recent buying activity in the public market reported by insiders.
American Hotel Income Properties REIT (HOT-UN-T)
Between Dec. 24-27, director John O’Neill invested over $243,000 in units of AHIP. He acquired a total of 400,000 units at an average price per unit of approximately 61 cents for an account in which he has indirect ownership (John C. O’Neill & Associates Ltd.), after which this specific account held 836,000 units.
Canadian Tire Corporation Ltd. (CTC-T)
On Dec. 27, Lyne Castonguay, who sits on the board of directors, bought 950 shares at an average cost per share of approximately US$105.73 for an account in which she has indirect ownership (Lyne Levesque-Castonguay & Raymond Castonguay), lifting the holdings in this specific account to 1,500 shares. The cost of this investment exceeded US$100,000.
Cenovus Energy Inc. (CVE-T)
Between Dec. 13-27, senior vice-president, corporate development and active chief sustainability officer Jeff Lawson invested over $205,000 in shares of Cenovus. He acquired a total of 9,600 shares at an average price per share of roughly $21.44, increasing the holdings in this particular account to 89,526 shares.
Stantec Inc. (STN-T)
Between Dec. 16-30, executive vice-president and chief financial officer Vito Culmone invested over $630,000 in shares of Stantec. He bought a total of 5,500 shares at an average price per share of roughly $114.56. After these purchases, this particular account held 13,000 shares.
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