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 or perhaps shares may be sold to address tax implications when options and rights are exercised. 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. In addition, I tend to put great weight on insider transaction activity when I see multiple insiders trading a company’s shares or units. Furthermore, it can be of value to note if an insider’s share or unit balance (investment in the company) is trending higher or lower.
Listed below are two securities with recent buying activity in the public market.
Blackrock Silver Corp. (BRC-X)
Between July 2-17, Eric Sprott, with an ownership position exceeding 10 per cent, invested nearly $800,000 in shares of Blackrock. He purchased a total of 1,549,400 shares at an average price per share of approximately 51 cents for an account in which he has indirect ownership (2176423 Ontario Ltd.), increasing the holdings in this specific account to 44,640,219 shares.
PrairieSky Royalty Ltd. (PSK-T)
On July 17, chair of the board of directors Margaret McKenzie invested over $185,000 in shares of PrairieSky. She purchased 7,700 shares at a cost per share of $24.14, increasing the holdings in this particular account (RRSP) to 56,300 shares.
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Listed below are two stocks with recent selling activity in the public market reported by insiders.
Pan American Silver Corp. (PAAS-T)
Between July 3-14, vice president, environment Matthew Andrews exercised his options, receiving 7,006 shares at a cost per share of $22.95, and sold 7,006 shares at an average price per share of approximately $39.88, after which this particular account held 36,962 shares. Net proceeds totaled more than $118,000, excluding any associated transaction fees.
Walmart Inc. (WMT-N)
On July 17, president and chief executive officer of Walmart U.S. John Furner sold 13,125 shares at a price per share of US$95.1356 after which this particular account held over 932,300 shares. Proceeds from the sale exceeded US$1.2 million, not including trading fees.