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 stock with recent buying activity in the public market reported by the CEO.
Saputo Inc. (SAP-T)
On June 17, president and chief executive officer Carl Colizza invested over $164,000 in shares of Saputo. He acquired 6,200 shares at a price per share of $26.5588, increasing the holdings in this particular account to 75,550 shares.
**
Listed below are three stocks that have had recent selling activity in the public market reported by insiders.
Agnico Eagle Mines Ltd. (AEM-T)
On June 23, executive vice president, legal, general counsel and corporate secretary Chris Vollmershausen exercised his options, receiving 5,000 shares at a cost per share of $67.19, and sold 5,000 shares at a price per share of $170.54, after which this particular account held 8,943 shares. Net proceeds totaled more than $516,000, excluding any associated transaction fees.
Bombardier Inc. (BBD-B-T)
Between June 3-18, chief financial officer Bart Demosky exercised his options, receiving 11,611 shares at a cost per share of $26.75, and sold 11,611 shares at an average price per share of approximately $101.98 with 52,851 shares remaining in this particular account. Net proceeds exceeded $873,000, not including any associated transaction charges.
On June 10, Paul Sislian, executive vice president of Bombardier aftermarket services and strategy, divested 20,000 shares at an average price per share of roughly $105.28, reducing the holdings in this particular account to 28,473 shares. Proceeds totaled over $2.1 million, excluding trading fees.
In June, Bombardier was one of the top performers in the S&P/TSX Composite Index, coming in seventh place with a 23.5-per-cent price return for the month.
FirstService Corp. (FSV-T)
On June 24, Eric Wallace, who sits on the board of directors, sold 3,000 shares at a price per share of US$176.282, reducing the holdings in this particular account to 13,000 shares. Proceeds from the sale exceeded US$528,000, not including commission charges.
Be smart with your money. Get the latest investing insights delivered right to your inbox three times a week, with the Globe Investor newsletter. Sign up today.