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 security that has had recent buying activity in the public market reported by an insider.
Obsidian Energy Ltd. (OBE-T)
On Aug. 6, director Michael Faust acquired 40,200 shares at a price per share of US$6.2103, increasing the holdings in this particular account to 98,115 shares. The cost of the purchase exceeded US$249,000.
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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 Aug. 6, executive vice-president of sustainability, people and culture Carol Plummer exercised her options, receiving 25,000 shares at a cost per share of $89.59, and sold 25,000 shares at a price per share of $101.85, after which this specific account held 14,727 shares. Net proceeds totaled more than $306,000, not including any associated transaction charges.
Capital Power Corp. (CPX-T)
On Aug. 6, senior vice-president and chief commercial officer Bryan DeNeve sold 27,000 shares at an average price per share of approximately $42.64 for an account in which he has indirect ownership (Bryan DeNeve and Julie DeNeve JT), after which this specific account held 7,458 shares. Proceeds from the sale totaled more than $1.1 million, excluding trading fees.
Waste Connections Inc. (WCN-T)
On Aug. 7, senior vice-president of operations Rob Nielsen sold 1,000 shares at a price per share of US$180.15, leaving 4,321 shares in this particular account. Proceeds from the sale exceeded US$180,000, excluding trading fees.
On Aug. 5, senior vice-president, business development Phil Rivard divested 2,300 shares at a price per share of US$174.75 with 1,226 shares remaining in this particular account. Proceeds from the sale exceeded US $401,000, not including trading fees.
The share price is less than 1 per cent away from setting a new record closing high.
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