A Canadian Pacific Railway locomotive sits at the Obico Intermodal Terminal in Toronto, in this May 23, 2012 file photo.MIKE CASSESE/Reuters
"Momentum is building," said Hunter Harrison, CEO of Canadian Pacific Railway, in CP's third-quarter fall earnings release. His upbeat outlook has had lots of company, with investors pushing up the stock about 50 per cent over the past year. There was some insider public-market selling at the railway in the first two weeks of December. While insider profit-taking into price strength is not unusual, it bears watching. So, it was encouraging to see Mr. Harrison make a sizable purchase of 59,200 shares in the public market on Dec. 27.
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.
Infographic chart reflects public-market transactions of common shares or unit trusts by company officers and directors.