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 stock that has had recent buying activity in the public market reported by insiders.
Suncor Energy Inc. (SU-T)
On Aug. 15, senior vice-president of strategy, sustainability, and corporate development Kent Ferguson acquired 10,000 shares at an average price per share of approximately $56.44, increasing the holdings in this particular account to 30,900 shares. The cost of this investment totaled more than $564,000.
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The following two stocks have had recent selling activity in the public market reported by insiders.
Alamos Gold Inc. (AGI-T)
On Aug. 12, chief financial officer Greg Fisher exercised his options, receiving 10,000 shares at a cost per share of $7.63, and sold 10,000 shares at a price per share of $24.91 with 38,159 shares remaining in this particular account. Net proceeds totaled more than $172,000, not including any associated transaction charges.
On the same day, vice-president of information technology Adrian Paulse exercised his options, receiving 15,571 shares at a cost per share of $8.63, and sold 15,571 shares at a price per share of $24.8021, leaving 28,114 shares in this particular account. Net proceeds exceeded $251,000, excluding any associated transaction fees.
GFL Environmental Inc. (GFL-T)
Between Aug. 8-12, founder, president, chief executive officer and chairman Patrick Dovigi sold a total of 600,000 shares at an average price per share of roughly US$39.70, reducing the holdings in this specific account to 678,858 shares. Proceeds from the sales exceeded US$23 million, not including trading fees.
On Aug. 20, the share price closed at a record high.
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The following security has had both recent buying and selling activity reported by insiders.
Maple Leaf Foods Inc. (MFI-T)
On Aug. 12, director Jonathan McCain bought 10,000 shares at an average cost per share of roughly $22.84 for an account in which he has indirect ownership (Andover Capital Corporation), after which this specific account held 120,000 shares. The cost of this investment exceeded $228,000.
On Aug. 12, chief supply chain officer Iain Stewart sold 32,000 shares at an average price per share of approximately $22.75, reducing the holdings in this particular account to 14,858 shares. Proceeds from the sale totaled more than $728,000, not including trading fees.
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