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 an insider.
Arizona Metals Corp. (AMC-T)
Between Aug. 13-19, Duncan Middlemiss acquired a total of 135,600 shares at an average price per share of approximately $1.87, initiating a position in this particular account. The cost of this investment totaled more than $253,000.
In May, Mr. Middlemiss was appointed as the company’s president and chief executive officer. He is the former president and chief executive officer of Wesdome Gold Mines (WDO-T).
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The following three stocks have had recent selling activity in the public market reported by insiders.
CCL Industries Inc. (CCL.B-T)
The stock is in an uptrend, closing at a record high earlier this month. Multiple insiders have been selling shares on this strength, including the CEO.
On Aug. 19, president, chief executive officer and director Geoffrey Martin sold 6,000 shares at a price per share of $77.617, trimming the holdings in this specific account to 675,953 shares. Proceeds from the sale exceeded $465,000, excluding trading fees.
Earlier this week, we reported the following transactions.
On Aug. 13, director Tom Peddie divested 4,000 shares at a price per share of $73.75, reducing the holdings in this specific account to 500 shares. Proceeds from the sale totaled $295,000, not including trading fees.
Mr. Peddie is the former chief financial officer of Corus Entertainment Inc.
On Aug. 12, vice-president, general counsel Mark McClendon sold 17,712 shares at an average price per share of approximately $73.24, eliminating his position in this particular account. Proceeds from the sale totaled nearly $1.3 million, excluding commission charges.
Metro Inc. (MRU-T)
On Aug. 19, vice-president of logistics and distribution Dan Gabbard divested 1,200 shares at a price per share of $83.84, trimming this specific account’s position to 9,254 shares. Proceeds from the sale totaled more than $100,000, not including commission charges.
Suncor Energy Inc. (SU-T)
On Aug. 19, general counsel and corporate secretary Jacquie Moore exercised her options, receiving 55,700 shares at an average cost per share of approximately $43, and sold 55,700 shares at an average price per share of roughly $56.52, after which this particular account did not hold any shares. Net proceeds totaled more than $752,000, not including any associated transaction charges.
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