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.
Listed below are four stocks that have had recent selling activity in the public market reported by insiders.
Alamos Gold Inc. (AGI-T)
On Aug. 24, Luis Chavez, senior vice president of Mexico, sold 9,700 shares at a price per share of US$38.09, after which this particular account held 87,934 shares. Proceeds from the sale exceeded US$369,000, excluding trading fees.
Barrick Mining Corp. (ABX-T)
On Aug. 24, chief human resources officer Darian Rich sold 75,452 shares at a price per share of US$48.2036, reducing the holdings in this particular account to 235,252 shares. Proceeds from the sale totaled more than US$3.6-million, not including commission charges.
Canadian Natural Resources Ltd. (CNQ-T)
On Aug. 20, executive chairman Murray Edwards sold 400,000 shares at a price per share of $70.2933, trimming his holdings in this particular account to 42,536,076 shares. Proceeds from the sale exceeded $28 million, excluding trading fees.
CCL Industries Inc. (CCL.B-T)
On Aug. 24, Günther Birkner, president of food & beverage, healthcare & specialty and Innovia, sold 5,000 shares at a price per share of $95, leaving 77,186 shares in this particular account. Proceeds from the sale totaled $475,000, not including commission charges.
Previously, we reported Lalitha Vaidyanathan, senior vice president of finance, IT and human resources, sold 14,940 shares at a price per share of $95.0882 on Aug. 17, after which this particular account held 85,566 shares. Proceeds from the sale exceeded $1.4-million, excluding trading fees.
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