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.
Let’s begin the report featuring two stocks that have had recent insider buying activity.
Alaris Royalty Corp. (AD-T)
On July 3, chairman Jack Lee purchased 5,000 shares at an average price per share of approximately $15.73, taking his portfolio balance up to 215,337 shares.
Magna International Inc. (MG-T)
On June 29, Francis Seguin, executive vice-president – corporate projects and strategy Development, purchased 12,600 shares at a cost per share of $77.13, lifting his portfolio’s holdings to 60,308 shares.
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The following stock has had recent insider selling activity.
Algonquin Power & Utilities Corp. (AQN-T)
On June 27, Michael Snow, chief operating officer – Renewable Generation Group, sold 7,785 shares at a price per share of $12.85, trimming his account balance to 273,875 shares.
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The following stock has had mixed trading with both buying and selling activity recently reported by insiders.
Equinox Gold Corp. (EQX-X)
On July 3, chairman Ross Beaty purchased 1-million shares at a price per share of 98 cents, increasing his portfolio’s position to 46,112,176 shares.
On June 29, Sebastian D’Amici, senior vice-president- finance, sold 120,000 shares at a price per share of 99 cents, reducing his account’s holdings to 87,257 shares.
Jennifer Dowty