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 insiders.
Telus International (Cda) Inc. (TIXT-T)
On Nov. 18, Tobias Dengel, president of Telus digital solutions, purchased 100,000 shares at a cost per share of $3.55, increasing the holdings in this particular account to 254,124 shares. The cost of this investment totaled $355,000, excluding trading fees.
Tourmaline Oil Corp. (TOU-T)
On Nov. 8, founder, chairman, president and chief executive officer Mike Rose invested over $311,000 in shares of the company. He acquired 5,000 shares at an average price per share of roughly $62.34, lifting the holdings in this specific account to 8,282,699 shares.
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The following two stocks have had recent selling activity in the public market reported by insiders.
Aecon Group Inc. (ARE-T)
Between Nov. 15-19, director Eric Rosenfeld sold a total of 60,000 shares at an average price per share of approximately $28.91 for an account in which he has indirect ownership (Crescendo Partners III, L.P.), reducing the holdings in this specific account to 234,200 shares. Proceeds from the sales exceeded $1.7 million, excluding commission charges.
Mr. Rosenfeld is president and chief executive officer of New York-based activist investment firm Crescendo Partners L.P.
Year-to-date, the share price has rallied 121 per cent.
Cameco Corp. (CCO-T)
On Nov. 19, senior vice-president and chief operating officer Brian Reilly exercised his options, receiving 14,062 shares at a cost per share of $15.27, and sold 14,062 shares at a price per share of $79.98, after which this particular account held 27,961 shares. Net proceeds totaled more than $909,000, excluding any associated transaction fees.
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