Ten companies with recent insider selling activity

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On Monday, I reported 14 securities with recent insider trading activity . Today, the focus shifts to companies that insiders are selling.

Listed below are 10 companies that have experienced recent insider selling activities in the public market through their direct and indirect ownership positions.

Keep in mind, when looking at transaction activities by insiders, selling activity may or may not be related to a stock's valuation; perhaps an insider needs to raise money for personal reasons. Furthermore, 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 selling a company's shares.

Advantage Oil & Gas Ltd. (AAV-T)

Chief financial officer Craig Blackwood sold 10,000 shares at an average price per share of $8.857 on May 10, pruning his portfolio's position to 435,494 shares.

AltaGas Ltd. (ALA-T)

Kent Stout, the company's senior vice-president of organizational development, continues to steadily reduce his holdings. He sold 1,000 shares at an average price per share of $31.60 on May 8, trimming his portfolio's holdings to 22,786 shares.

Last week, we reported that he sold 1,000 shares at an average price per share of $30.50 on May 2.

Exco Technologies Ltd. (XTC-T)

Chief operating officer Paul Riganelli has been trimming his holdings. On May 8, he sold 1,900 shares at an average price per share of $11.7905. On May 5, he sold 8,350 shares, pared 12,500 shares from his portfolio on May 3, and sold 2,500 shares on May 2. Bonnie Cartwright, president of the extrusion group, sold 10,000 shares at an average price per share of $11.8043 on May 8, reducing her portfolio's position to 42,755 shares.

EXFO Inc. (EXF-T)

A number of management executives exercised their rights and subsequently sold shares in the public market. Dana Yearian, vice-president of sales in the Americas, exercised his rights on May 4 and sold the corresponding number of shares, 15,322 shares, on May 8, trimming his portfolio's position to 34,181 shares.

Stephen Bull, vice-president of research and development, exercised his rights on May 4 and sold the corresponding number of shares, 15,490 shares, at an average price per share of $6.35 on May 8, reducing his portfolio's position to 39,851 shares.

Luc Gagnon, vice-president of manufacturing and global services, exercised his rights on May 4, and sold the corresponding number of shares, 11,311 shares, at an average price of $6.35 on May 8, reducing his portfolio's position to 25,983 shares.

Gildan Activewear Inc. (GIL-T)

On May 5, Benito Masi, executive vice-president of manufacturing, exercised his options and sold the corresponding number of shares, 12,964 shares, at an average price per share of $39.1464. That day, he also sold 10,000 shares at an average price per share of $36.26 in a separate trade, which reduced his portfolio's position to 138,277 shares.

Guyana Goldfields Inc. (GUY-T)

Lead director Alan Ferry exercised his options and received 150,000 shares on May 4. Mr. Ferry subsequently sold 27,000 shares in the public market at an average price per share of $6.031 on May 10. After this trade, he held 243,000 shares in his portfolio.

Goldcorp Inc. (G-T)

In a relatively small trade, Ann Masse, vice-president of safety and health, sold 1,533 shares at an average price of $18.65 per share on May 8, trimming her portfolio's position to 5,784 shares.

Last week, we reported that Brent Bergeron, executive vice-president of corporate affairs and sustainability, sold 7,900 shares at an average price per share of $18.90 on May 2, reducing his portfolio's position to 4,255 shares.

Kinaxis Inc. (KXS-T)

Kinaxis has been a stellar stock for shareholders in 2017. Insiders have been trimming their positions, locking in their gains.

On May 10, Douglas Colbeth, chairman of the board of directors and the former president and chief executive officer of the company, sold 48,400 shares at an average price per share of $85.8564. The prior day, Mr. Colbeth sold 1,600 shares at an average price per share of $85.85.

President and chief executive officer John Sicard sold 500 shares on May 12 at an average price per share of $86.40 and divested 1,600 shares at an average price per share of $86.40 on May 9. After these two sales, his portfolio held 81,289 shares.

Gelu Ticala, vice-president of product development, exercised his options on May 8, and subsequently sold the corresponding number of shares, 15,125 shares, the following day, eliminating his portfolio's position.

Randy Erwin, executive vice-president of North American and EMEA sales, exercised his options on May 9, and sold the corresponding number of shares, 2,900 shares, in the public market the same day at an average price per share of $85.8759. Post this transaction , his portfolio held just 70 shares.

Kinross Gold Corp. (K-T)

On May 5, John Brough, who sits on the board of directors, sold 13,796 shares at an average price per share of $4.98, eliminating his portfolio's position.

Sleep Country Canada Holdings Inc. (ZZZ-T)

On May 12, David Howcroft, senior vice-president of sales, sold 22,985 shares at an average price per share of $39, reducing his portfolio's position to 9,357 shares.