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 securities that have had recent insider buying activity.
AutoCanada Inc. (ACQ-T)
In recent days, three board members have been buyers in the market.
Between Aug. 16 and Aug. 21, Paul Antony purchased a total of 514,800 shares at an average cost per share of approximately $11.38 for an account in which he has indirect ownership (MAP Investco Inc), initiating a portfolio position.
Between Aug. 14 and Aug. 20, Maryann Keller acquired a total of 9,500 shares across two accounts; 3,000 shares for an account in which she has indirect ownership and 6,500 shares in her personal account.
On Aug. 17, Dennis DesRosiers bought 10,000 shares at a cost per share of $11.2266, lifting his account’s holdings to 14,500 shares.
Brookfield Property Partners L.P. (BPY.UN-T)
On Aug. 21 and Aug. 22, Stephen DeNardo, who sits on the board of directors, purchased a total of 3,800 units at an average price per unit of approximately US$19.74 in his personal account, increasing its holdings to 24,500 units. In a separate account for which he has indirect ownership, he acquired a total of 5,400 units between August 22 and August 24.
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The following stock has had recent insider selling activity.
BlackBerry Ltd. (BB-T)
On Aug. 20, Sandeep Chennakeshu, president of BlackBerry Technology Solutions, exercised his rights, receiving 442,478 shares, and sold 183,314 shares at a price per share of US$10.091, leaving 649,081 shares in his account.
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The following stock has had mixed trading with both recent buying and selling activity reported by insiders.
Canaccord Genuity Group Inc. (CF-T)
On August 23, Mark Whaling, global head of sales and trading, sold 45,800 shares at a price per share of $7.2497, trimming his portfolio’s position to 201,263 shares.
Earlier this month, we reported that the president and chief executive officer Dan Daviau acquired 30,300 shares at a cost per share of $6.7411 on August 2.