Insider Report: Chairman sells over $3 million in this large-cap tech stock

Insider Report: Chairman sells over $3 million in this large-cap tech stock JENNIFER DOWTY PUBLISHED 32 MINUTES AGO COMMENTS SHARE SAVE FOR LATER Listen to this article Learn more about audio Log in or create a free account to listen to this article. 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 is a stock that has had recent buying activity in the public market reported by an insider. Fortis Inc. (FTS-T +0.29% increase ) On Aug. 26, Rowena Crosbie bought 2,000 shares at a price per share of US$55.265 for an account in which she has indirect ownership, initiating a position in this specific account. The cost of this purchase totaled more than US$110,000. Ms. Crosbie sits on the board of directors of ITC Holdings Corp., a subsidiary of Fortis. ** Listed below are three stocks that have had recent selling activity in the public market reported by insiders. Centerra Gold Inc. (CG-T -0.69% decrease ) On Aug. 27, Yousef Rehman, executive vice president of legal and public affairs, exercised his options, receiving 57,636 shares at a cost per share of $6.94, and sold 57,636 shares at a price per share of $33.50. Net proceeds exceeded $1.5 million, not including any associated transaction fees. After these transactions, this particular account held 77,918 shares. CGI Inc. (GIB-A-T -4.51% decrease ) On Aug. 27, Michael Godin, president of Canada operations, exercised his options, receiving 10,599 shares at a cost per share of $63.23, and sold 10,599 shares at an average price per share of approximately $102.85, after which this particular account held 3,904 shares. Net proceeds exceeded $419,000, excluding any…