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 two securities that have had recent buying activity in the public market reported by insiders.
Bank of Nova Scotia (BNS-T)
On Feb. 27, president, chief executive officer and director Scott Thomson invested roughly $500,000 in shares of Scotiabank. He acquired 6,900 shares at a price per share of $72.45, lifting the holdings in this particular account to 60,516 shares.
Year-to-date, the share price is down more than 7 per cent, making it the worst performing Big 5 bank stock.
BCE Inc. (BCE-T)
On Feb. 20, director Sheila Murray invested over $200,000 in shares of BCE. She bought 6,019 shares at a cost per share of $33.25, increasing the holdings in this particular account to 16,019 shares.
Ms. Murray is the former president of CI Financial Corp. (CIX-T).
Previously, director Louis Vachon acquired 10,000 shares at a price per share of $32.38 on Feb. 20, raising the holdings in this particular account to 40,000 shares. The cost of this purchase exceeded $323,000.
Mr. Vachon is the former president and chief executive officer of the National Bank of Canada (NA-T).
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Listed below are two stocks that have had recent selling activity in the public market reported by insiders.
IMAX Corp. (IMAX-N)
On Feb. 24, director Eric Demirian sold 23,000 shares at a price per share of US$26.81, after which this particular account held 35,007 shares. Proceeds from the sale totaled more than US$616,000, excluding trading fees.
Pan American Silver Corp. (PAAS-T)
On Feb. 26, senior vice-president of technical services and process optimization Martin Wafforn exercised his options, receiving 20,000 shares at a cost per share of $17.53, and sold 20,000 shares at a price per share of $36.0248, after which 41,112 shares remained in this specific account. Net proceeds exceeded $369,000, not including any associated transaction charges.
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