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 are two securities that have had recent buying activity in the public market reported by insiders.
Journey Energy Inc. (JOY-T)
Between March 24-31, chair of the board Craig Hansen acquired a total of 150,000 shares at an average price per share of roughly $1.81, increasing the holdings in this specific account (RRSP) to 250,000 shares. The cost of these purchases totaled more than $271,000, not including trading fees.
Lundin Mining Corp. (LUN-T)
On March 28, president, chief executive officer and director Jack Lundin invested over $485,000 in this copper focused company. He bought 40,000 shares at a price per share of $12.1264, raising the holdings in this particular account to 812,598 shares.
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Listed below are two stocks that have had recent selling activity in the public market reported by insiders.
Agnico Eagle Mines Ltd. (AEM-T)
On March 28, executive vice president, legal, general counsel and corporate secretary Chris Vollmershausen sold 6,000 shares at a price per share of $155.55, trimming the holdings in this particular account to 8,811 shares. Proceeds from the sale exceeded $933,000, excluding trading fees.
CI Financial Corp. (CIX-T)
On March 28, director Paul Perrow sold 85,000 shares at an average price per share of approximately $31.24, after which this particular account held 300,000 shares. Proceeds from the sale totaled more than $2.6-million, excluding commission charges.
In November, the company announced that it entered into an agreement with Mubadala Capital to go private with shareholders receiving a cash offer of $32 per share.
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