Skip to main content

The Globe and Mail

Valuations and insider selling cloud CP’s outlook

A Canadian Pacific Railway locomotive sits at the Obico Intermodal Terminal in Toronto.


We kicked off 2013 with insider buying at Canadian Pacific Railway Ltd. So far, it has been sunny times for CP shareholders with the stock up about 20 per cent. However, a combination of relatively expensive valuations and insider net selling has now clouded the stock's outlook. In terms of insiders, over the past 90 days, senior officers sold net 8,848 shares in the public market on a beneficial ownership basis. There were two buyers and two sellers. Director Bill Ackman also sold 808,696 shares for Pershing Square-related accounts.

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 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 reflects public-market transactions of common shares or unit trusts by company officers and directors.

Story continues below advertisement

Report an error

The Globe invites you to share your views. Please stay on topic and be respectful to everyone. For more information on our commenting policies and how our community-based moderation works, please read our Community Guidelines and our Terms and Conditions.

We’ve made some technical updates to our commenting software. If you are experiencing any issues posting comments, simply log out and log back in.

Discussion loading… ✨

Combined Shape Created with Sketch.

Combined Shape Created with Sketch.

Thank you!

You are now subscribed to the newsletter at

You can unsubscribe from this newsletter or Globe promotions at any time by clicking the link at the bottom of the newsletter, or by emailing us at