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 that has had recent buying activity in the public market reported by a large shareholder.
Clarke Inc. (CKI-T)
Between Nov. 26-28, Sime Armoyan, with an ownership position exceeding 10 per cent, invested over $1.1 million in shares of Clarke. She purchased a total of 50,000 shares at an average price per share of approximately $22.145 for an account in which she has control or direction over (G2S2 Capital Inc.), after which this specific account held 10,567,100 shares.
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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 Nov. 28, chair of the board of directors Sean Boyd sold 35,000 shares at a price per share of $244.177, reducing the holdings in this particular account to 53,543 shares. Proceeds from the sale totaled more than $8.5 million, excluding trading fees.
Mr. Boyd is the former chief executive officer of Agnico Eagle.
On Nov. 26, president and chief executive officer Ammar Al-Joundi sold 20,000 shares at a price per share of $243.40, after which this particular account held 54,917 shares. Proceeds from the sale exceeded $4.8-million, excluding commission charges.
Fortis Inc. (FTS-T)
On Nov. 28, chief financial officer Jocelyn Perry exercised her options, receiving 31,660 shares at a cost per share of $50.33, and sold 31,660 shares at a price per share of $73.3124. Net proceeds totaled more than $727,000, excluding any associated transaction charges. This particular account now holds 27,427 shares.
Metro Inc. (MRU-T)
On Nov. 25, Paul Bravi, executive vice president of Ontario, exercised his options, receiving 10,580 shares at an average cost per share of approximately $56.39, and sold 10,580 shares at an average price per share of roughly $99.59 with 14,252 shares remaining in this particular account. Net proceeds totaled more than $457,000, not including any associated transaction fees.
Previously, we reported vice president and chief marketing officer and digital strategy Alain Tadros exercised his options, receiving 2,940 shares at an average cost per share of approximately $53.68, and sold 2,940 shares at an average price per share of roughly $99.15 with 5,268 shares remaining in this particular account on Nov. 24. Net proceeds totaled roughly $133,000, excluding any associated transaction fees.
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