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 is a stock that has had recent buying activity in the public market reported by an insider.
Open Text Corp. (OTEX-T)
Between Nov. 18-21, chair of the board Tom Jenkins invested over US$8-million in shares of Open Text. He purchased a total of 280,000 shares at an average cost per share of approximately US$28.834 for an account in which he has control or direction over (Acton US LLC), increasing this particular account’s position to 2,023,349 shares.
Mr. Jenkins is the company’s former president and chief executive officer.
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Listed below are three securities that have had recent selling activity in the public market reported by insiders.
Canadian National Railway Co. (CNR-T)
On Nov. 22, senior vice-president – consumer product and supply chain Keith Reardon exercised his options, receiving 9,280 shares at a price per share of US$47.175, and sold 9,280 shares at a price per share of US$125.5582, after which this specific account held 20,531 shares. Net proceeds exceeded US$727,000, excluding any associated transaction fees.
CGI Inc. (GIB-A-T)
On Nov. 22, president and chief operating officer Jean-Michel Baticle exercised his options, receiving 7,610 shares at a price per share of $24.29, and sold 7,610 shares at a price per share of $113.4332, after which this particular account did not hold any shares. Net proceeds totaled over $678,000, not including any associated transaction charges.
Metro Inc. (MRU-T)
On Nov. 25, senior vice-president – national procurement and corporate brands Serge Boulanger exercised his options, receiving 7,440 shares at a price per share of $40.23, and sold 7,440 shares at a price per share of $70.0574 with 25,800 shares remaining in this particular account. Net proceeds totaled over $273,000, excluding any associated transaction fees.
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