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 a stock that has had recent buying activity in the public market reported by insiders.
CAE Inc. (CAE-T)
On June 13, chair of the board of directors Alan MacGibbon invested over $200,000 in shares of CAE. He acquired 7,957 shares at a cost per share o $25.136, increasing the holdings in this specific account to 11,034 shares.
On June 14, director Marianne Harrison bought 4,400 shares at a price per share of US$17.8297, lifting the holdings in this particular account to 20,000 shares. The cost of this purchase exceeded US$78,000, excluding trading fees.
In recent weeks, the share price has fallen sharply. On June 14, the share price closed at $24.77, down 14 per cent from its closing price of $28.81 set on May 14.
The stock is approaching oversold territory with a relative strength index (RSI) reading of 39. Generally, an RSI reading at or below 30 reflects an oversold condition.
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The following three stocks have had recent selling activity in the public market reported by insiders.
Bombardier Inc. (BBD-B-T)
On June 11, executive vice-president of Bombardier aftermarket services and strategy Paul Sislian exercised his options, receiving 23,611 shares at a cost per share of $26.75 and sold 23,611 shares at a price per share of $88.194 with 68,065 shares remained in this particular account. Net proceeds exceeded $1.4 million, not including any associated transaction charges.
CES Energy Solutions Corp. (CEU-T)
On June 10, director Kyle Kitagawa sold 100,000 shares at a price per share of $7.05. This particular account currently holds 1,603,821 shares. Proceeds from the sale totaled $705,000, excluding trading fees.
Intact Financial Corp. (IFC-T)
Between June 5-13, chief executive officer of Canadian operations Louis Gagnon exercised his options, receiving a total of 70,000 shares at a cost per share of $161.67 and sold 70,000 shares at an average price per share of roughly $227.39, after which 41,974 shares remained in this particular account. Net proceeds exceeded $4.6 million, excluding any associated transaction fees.
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Jennifer Dowty