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 is a stock that has had recent buying activity in the public market reported by the chairman.
Centerra Gold Inc. (CG-T)
On March 16, board chair Paul Wright invested $125,000 in shares of Centerra Gold. He purchased 5,000 shares at a cost per share of $25, after which this particular account held 125,000 shares.
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Listed below are three stocks that have had recent selling activity in the public market reported by insiders.
CES Energy Solutions Corp. (CEU-T)
On March 19, president, chief executive officer and director Ken Zinger sold a total of 400,000 shares at an average price per share of approximately $18.40 across two accounts. Proceeds totaled over $7 million, excluding trading fees. After these transactions, one account held 1,672,857 shares and a different account no longer held any shares.
Kelt Exploration Ltd. (KEL-T)
On March 18, board chair William Guinan exercised his options, receiving 30,000 shares at a cost per share of $5.34 and sold 30,000 shares at an average price per share of approximately $9.20, leaving 1,154,459 shares in this particular account. Net proceeds totaled roughly $116,000, excluding any associated transaction fees.
Restaurant Brands International Inc. (QSR-T)
On March 18, chief executive officer Josh Kobza exercised his options, receiving 200,000 shares at a cost per share of US$56.92 and sold 200,000 shares at a price per share of US$75.05 with 960,767 shares remaining in this particular account. Net proceeds exceeded US$3.6 million, not including any associated transaction fees.