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 three securities with recent buying activity in the public market.
Dollarama Inc. (DOL-T)
On July 8, vice president, global procurement John Assaly bought 1,200 shares at a cost per share of $190.07, increasing the holdings in this particular account to 2,173 shares. The cost of this investment totaled more than $228,000, excluding trading fees.
Over the past year, this consumer stock has rallied 48 per cent. Shares of Dollarama are currently trading just below its record high.
IAMGOLD Corp. (IMG-T)
On June 30, director Peter O’Hagan invested just over US$100,000 in shares of IAMGOLD. He purchased 13,780 shares at an average price per share of approximately US$7.26, lifting the holdings in this particular account to 94,145 shares.
Morguard Real Estate Investment Trust (MRT-UN-T)
Between June 20 and July 8, Sime Armoyan, with an ownership position exceeding 10 per cent, bought a total of 60,000 units at an average price per unit of $5.74 for an account in which she has control or direction over (Armco Alberta Inc.), increasing the holdings in this specific account to 8,199,865 units. The cost of these purchases exceeded $344,000.
**
Listed below is a stock with recent selling activity in the public market reported by the CEO.
Tucows Inc. (TC-T)
Between July 7-11, president, chief executive officer and director Elliot Noss sold a total of 8,300 shares at an average price per share of roughly $28.94, after which this particular account held 443,798 shares. Proceeds from the sales exceeded $240,000, excluding trading fees.