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 or perhaps shares may be sold to address tax implications when options and rights are exercised. 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. In addition, I tend to put great weight on insider transaction activity when I see multiple insiders trading a company’s shares or units. Furthermore, it can be of value to note if an insider’s share or unit balance (investment in the company) is trending higher or lower.
Listed below is a security that has had recent buying activity in the public market reported by the president and CEO.
AltaGas Ltd. (ALA-T)
On Nov. 4, president and chief executive officer Vern Yu bought 7,600 shares at a cost per share of $33.121, after which this particular account held 108,251 shares. The cost of this purchase totaled more than $251,000.
The company pays its shareholders a quarterly dividend of 0.2975 cents per share, equating to a current annualized yield of approximately 3.6 per cent.
Year-to-date, the share price of this energy infrastructure company with midstream and utilities assets has rallied 20 per cent.
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The following three stocks have had recent selling activity in the public market reported by insiders.
Agnico Eagle Mines Ltd. (AEM-T)
On Nov. 5 and 6, chair of the board of directors Sean Boyd sold a total of 25,000 shares at an average price per share of approximately $117.66, after which this particular account held 108,297 shares. Proceeds from the sales totaled more than $2.9 million, not including commission charges.
Gildan Activewear Inc. (GIL-T)
On Nov. 5, chief information officer Jason DeHaan sold 15,000 shares at a price per share of U.S. $50.2502, reducing the holdings in this particular account to 1,918 shares. Proceeds from the sale exceeded U.S. $753,000, excluding trading fees.
Kinaxis Inc. (KXS-T)
On Nov. 4, executive vice-president, global professional services David Kelly exercised his options, receiving 3,000 shares at a cost per share of $112.17, and sold 3,000 shares at an average price per share of roughly $162.45, after which this particular account did not hold any shares. Net proceeds totaled more than $150,000, not including any associated transaction fees.
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