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 large-cap dividend stock that has had recent buying activity in the public market reported by the CEO.
Cenovus Energy Inc. (CVE-T)
On Dec. 13, president, chief executive officer and director Jon McKenzie invested over $1-million in shares of the company. He acquired 50,000 shares at a cost per share of $21.7187, increasing the holdings in this specific account to 987,038 shares.
The company pays its shareholders a quarterly dividend of 18 cents per share or 72 cents per share yearly.
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The following three stocks have had recent selling activity in the public market reported by insiders.
Bank of Montreal (BMO-T)
On Dec. 13, chief executive officer Darryl White exercised his options, receiving 11,376 shares at a cost per share of $78.09, and sold 11,376 shares at a price per share of $140.787. Net proceeds exceeded $713,000, not including any associated transaction charges. The current holdings in this particular account totals 49,729 shares.
Total Energy Services Inc. (TOT-T)
On Dec. 9, vice president, operations Brad Macson sold 10,000 shares at a price per share of $12.0884, after which this particular account held 94,476 shares. Proceeds from the sale exceeded $120,000, excluding commission charges.
IMAX Corp. (IMAX-N)
On Dec. 9, senior executive vice president and chief legal officer Rob Lister exercised his options, receiving 55,910 shares at a cost per share of US$20.85, and sold 55,910 shares at a price per share of US$25.5043. Net proceeds exceeded US$260,000, excluding any associated transaction charges. After these transactions, this particular account held 138,889 shares.
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