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.
Canadian National Railway Co. (CNR-T)
On Oct. 30, director Margaret McKenzie bought 800 shares at a cost per share of $152.63, after which this particular account held 8,490 shares. The cost of this purchase totaled more than $122,000.
Cenovus Energy Inc. (CVE-T)
On Nov. 1, senior vice-president, corporate development and acting chief sustainability officer Jeff Lawson invested over $101,000 in shares of the company. He purchased 4,500 shares at a cost per share of $22.52, lifting the holdings in this specific account to 79,926 shares.
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The following two stocks have had recent selling activity in the public market reported by insiders.
Celestica Inc. (CLS-T)
On Oct. 28, president and chief executive officer Rob Mionis sold 150,000 shares at a price per share of US$69.661, reducing the holdings in this particular account to 591,417 shares. Proceeds from the sale totaled more than US$10-million, not including commission charges.
On Oct. 28, chief financial officer Mandeep Chawla sold a total of 30,000 shares at an average price per share of approximately $96.37 across three accounts, after which all three accounts did not hold any shares. Proceeds exceeded $2.8-million, excluding trading fees.
Over the past year, the share price has nearly tripled in value.
EQB Inc. (EQB-T)
Between Oct. 9-25, president and chief executive officer Andrew Moor sold a total of 10,900 shares at an average price per share of roughly $105.77 across two accounts, reducing the holdings to 42,772 shares in one account and 7,712 shares in a different account (RRSP). Proceeds from the sales totaled more than $1.1 million, excluding commission charges.
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