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.
Let’s begin the report featuring two stocks that have had recent insider buying activity.
AGF Management Ltd. (AGF.B-T)
In a relatively small transaction, president and chief investment officer Andrew McCreadie purchased 5,000 shares at an average cost per share of $6.59 on July 24, lifting his portfolio’s holdings to 165,000 shares.
West Fraser Timber Co. Ltd. (WFT-T)
On July 24, three management executives were buyers in the market.
Chief financial officer Chris Virostek bought 2,400 shares at a price per share of $82.86, initiating a portfolio position.
Chuck Watkins, vice-president – U.S. lumber manufacturing, also purchased 2,400 shares, initiating an account position.
Keith Carter, vice-president – pulp and energy operations, accumulated 240 shares, increasing his account’s holdings to 790 shares.
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The following two securities have had recent insider selling activity.
Aurora Cannabis Inc. (ACB-T)
On July 24, president Steve Dobler sold 1,386,100 shares at a price per share of $7.70 for an account in which he has indirect ownership (1771472 Alberta Ltd.) with 16,504,190 shares remaining in the account.
Onex Corp. (ONEX-T)
Between July 20 and July 27, senior managing director and member of the executive committee Anthony Munk sold a total of 82,766 shares at an average price per share of approximately $97.05, leaving 465,665 shares in his portfolio.