After Uni-Select Inc. reported third-quarter results on Nov. 12, investors cheered, pushing the stock higher. Compared to a year earlier, earnings per share jumped by 17 US cents to 28 US cents. What caught our attention was an insider buying after the news. Not only was chief financial officer Anthony Pagano back buying, but so were other insiders. Meanwhile, the stock remains in high gear, setting a new 52-week high during the past week. Generally, it can be a bullish sign when insiders buy as a group even as a stock is rising.
stock
Ted Dixon is CEO of INK Research which provides insider news and knowledge to investors. For more background on insider reporting in Canada, visit the FAQ section at www.inkresearch.com. Securities referenced in this profile may have already appeared in recent reports distributed to INK subscribers. INK staff may also hold a position in profiled securities.
Chart reflects public-market transactions of common shares or unit trusts by company officers and directors.
Be smart with your money. Get the latest investing insights delivered right to your inbox three times a week, with the Globe Investor newsletter. Sign up today.