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.
Let’s begin the report featuring two companies that have had insider buying activity.
Listed below are two securities with recent buying activity in the public market reported by insiders.
Aecon Group Inc. (ARE-T)
On Aug. 6, director Stuart Lee invested over $118,000 in shares of Aecon. He bought 6,000 shares at a cost per share of $19.72, raising the holdings in this particular account to 18,700 shares.
Paramount Resources Ltd. (POU-T)
On August 1, executive vice president of corporate development and planning Rodrigo Sousa invested over $215,000 in shares of Paramount. He purchased a total of 10,450 shares at an average cost per share of roughly $20.58 across two accounts, increasing the holdings in one account (LIRA) to 20,150 shares and lifting the holdings in a different account (TSFA) to 5,950 shares.
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Listed below are two stocks with recent selling activity in the public market.
CI Financial Corp. (CIX-T)
On Aug. 6, lead director Bill Butt sold 157,000 shares at a price per share of $31.9307 for an account in which he has indirect ownership (Dunedin Investment Corporation), after which this specific account did not hold any shares. Proceeds from the sale totaled more than $5 million, excluding commission charges.
On Nov. 25, 2024, CI Financial announced it received an all-cash offer by Mubadala Capital to take the company private, offering shareholders $32 per share. Last month, the company announced it expects the deal to close on or around Aug. 12.
Discovery Silver Corp. (DSV-T)
Between Aug. 1-7, Eric Sprott, with an ownership position exceeding 10 per cent, sold a total of 6,950,000 shares at an average price per share of approximately $3.35 for an account in which he has indirect ownership (2176423 Ontario Ltd.). After these trades, this specific account held 94,283,998 shares. Proceeds from the sales totaled more than $23 million, not including trading fees.
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