Insider Report: CEO invests $1-million in this depressed apparel stock
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· Globe and Mail Inc. (Woodbridge)
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Article Excerpt
Insider Report: CEO invests $1-million in this depressed apparel stock
JENNIFER DOWTY
PUBLISHED YESTERDAY
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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 two stocks that have had recent buying activity in the public market reported by CEOs.
Canada Goose Holdings Inc. (GOOS-T -0.10%
decrease
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Chairman and chief executive officer Dani Reiss invested over $1 million in shares of Canada Goose. He bought a total of 100,000 shares at a price per share of $10.623 for an account in which he has indirect ownership (DTR LLC), initiating a position in this specific account.
Year-to-date, the share price is down 41 per cent.
Tourmaline Oil Corp. (TOU-T -0.11%
decrease
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On Sept. 11, founder, chairman, president and chief executive officer Mike Rose bought 5,000 shares at a price per share of $61.4548, increasing the holdings in this particular account to 8,147,678 shares. The cost of this purchase exceeded $307,000.
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Listed below are two stocks that have had recent selling activity in the public market reported by insiders.
Canada Nickel Company Inc. (CNC-X +1.45%
increase
)
Between Sept. 9-11, Steve Balch, vice president of exploration, sold a total of 114,456 shares at an average price per share of approximately $1.44. Proceeds from the sales totaled more than $164,000, not including commission charges.
Rogers Sugar Inc. (RSI-T -1.47%
decrease
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Between Sept. 7-9, Mike Walton exercised his options, receiving a total of 202,500 shares at an average cost per share of…
Read full article at The Globe and Mail ↗
How we scored this article
WTF uses a two-tier system: every article gets a heuristic bias score from keyword analysis, and priority articles (high overlap across 3+ outlets or strong heuristic signal) get full LLM analysis from B.I.A.S. and V.E.R.I.F.Y.
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