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.
Bank of Nova Scotia (BNS-T)
On April 9, chair of the board of directors Aaron Regent invested over $1-million in shares of Scotiabank. He acquired 16,000 shares at a price per share of $63.40. After this transaction, this particular account held 39,995 shares.
Mr. Regent is the former president and chief executive officer of Barrick Gold Corp. (ABX-T).
Peyto Exploration and Development Corp. (PEY-T)
Between April 3-9, chairman of the board of directors Don Gray bought a total of 230,000 shares at an average price per share of approximately $16.75, increasing the holdings in this specific account to 1,617,086 shares. The cost of these purchases totaled over $3.8-million.
Mr. Gray is the co-founder and former president and chief executive officer of Peyto.
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Listed below are two stocks that have had recent selling activity in the public market reported by insiders.
B2Gold Corp. (BTO-T)
On April 14, director Jerry Korpan sold 120,000 shares at a price per share of $4.63, after which this particular account held 2,680,000 shares. Proceeds from the sale totaled over $555,000, excluding trading fees.
Dollarama Inc. (DOL-T)
On April 11, senior vice president of the import division Geoffrey Robillard sold 28,000 shares at a price per share of $160.00, reducing the holdings in this particular account to 300,000 shares. Proceeds from the sale totaled more than $4.4 million, excluding commission charges.
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