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