Multiple insiders bought Wajax WJX-T shares in the public market after the stock fell 13.7 per cent following the company’s Q1 results (released May 4). The news included revenue declining to $502.1-million, down 9.5 per cent compared to a year ago. Insiders spent a total of just over $1-million buying shares in the public market from May 6 to May 26. The 34,046 shares were purchased at an average price of $29.44. The most recent buyer was Director Jane Craighead who bought 1,750 shares at an average price of $28.86.
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Ted Dixon is CEO of INK Research, which provides insider news and knowledge to investors. For more background on insider reporting in Canada, visit the FAQ section at www.inkresearch.com. Securities referenced in this profile may have already appeared in recent reports distributed to INK subscribers. INK staff may also hold a position in profiled securities.
Chart reflects public-market transactions of common shares or unit trusts by company officers and directors.