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 insiders.
On Dec. 4, two company leaders each invested $900,000 in shares of the company.
Chairman and chief executive officer Peter Marrone acquired 250,000 shares at a cost per share of $3.60, lifting the holdings in this particular account to 14,531,805 shares.
Co-founder and vice-chairman Justin Dibb also bought 250,000 shares at a cost per share of $3.60, increasing the position in this specific account to 27,505,431 shares.
On Sept. 11, the stock began trading on the Toronto Stock Exchange.
On Nov. 30, François Olivier, who sits on the board of directors, invested over $200,000 in shares of CAE. He purchased 7,500 shares at an average price per share of approximately $26.82, initiating a position in this particular account.
Mr. Olivier is the former president and chief executive officer of Transcontinental Inc. (TCL-A-T).
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The following two securities have had recent selling activity in the public market reported by insiders.
On Nov. 28, corporate secretary Karen Aram exercised her options, receiving 18,435 shares at an average cost per share of approximately $13.03, and sold 18,435 shares at an average price per share of roughly $17.32, after which this specific account did not hold any shares. Net proceeds exceeded $79,000, excluding any associated transaction charges.
Between Nov. 27–Dec. 1, chief operating officer Pierre Beaudoin sold a total of 43,000 shares at an average price per share of approximately $8.25 for three accounts (Emile Beaudoin TFSA, Nathalie Beaudoin TFSA and Pierre Beaudoin TFSA), eliminating the holdings in each of these accounts. Proceeds from the sales exceeded $354,000, not including trading fees.
Between Nov. 21-23, president Chris Ritchie sold a total of 80,000 shares at an average price per share of roughly $7.50, after which this particular account held 710,900 shares. Proceeds from the sales totaled over $600,000, excluding trading fees.
Between Nov. 14-16 chief executive officer and director Eric Fier exercised his options, receiving 250,000 shares at a cost per share of $3.24 and sold 250,000 shares at an average price of approximately $7.38, leaving 1,010,075 shares in this particular account. Net proceeds exceeded $1-million, not including any associated transaction charges.
Previously, we reported chief financial officer Anne Yong exercised her options on Nov. 14, receiving 125,000 shares at a cost per share of $3.24 and sold 125,000 shares at an average price of approximately $7.15 with 170,596 shares remaining in this particular account. Net proceeds exceeded $488,000, excluding any associated transaction fees.
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TORONTO – Canada’s main stock index was down more than 200 points in late-morning trading, weighed down by losses in the technology, base metal and energy sectors, while U.S. stock markets also fell.
The S&P/TSX composite index was down 239.24 points at 22,749.04.
In New York, the Dow Jones industrial average was down 312.36 points at 40,443.39. The S&P 500 index was down 80.94 points at 5,422.47, while the Nasdaq composite was down 380.17 points at 16,747.49.
The Canadian dollar traded for 73.80 cents US compared with 74.00 cents US on Thursday.
The October crude oil contract was down US$1.07 at US$68.08 per barrel and the October natural gas contract was up less than a penny at US$2.26 per mmBTU.
The December gold contract was down US$2.10 at US$2,541.00 an ounce and the December copper contract was down four cents at US$4.10 a pound.
This report by The Canadian Press was first published Sept. 6, 2024.
TORONTO – Canada’s main stock index was up more than 150 points in late-morning trading, helped by strength in technology, financial and energy stocks, while U.S. stock markets also pushed higher.
The S&P/TSX composite index was up 171.41 points at 23,298.39.
In New York, the Dow Jones industrial average was up 278.37 points at 41,369.79. The S&P 500 index was up 38.17 points at 5,630.35, while the Nasdaq composite was up 177.15 points at 17,733.18.
The Canadian dollar traded for 74.19 cents US compared with 74.23 cents US on Wednesday.
The October crude oil contract was up US$1.75 at US$76.27 per barrel and the October natural gas contract was up less than a penny at US$2.10 per mmBTU.
The December gold contract was up US$18.70 at US$2,556.50 an ounce and the December copper contract was down less than a penny at US$4.22 a pound.
This report by The Canadian Press was first published Aug. 29, 2024.
The crypto market has recently experienced a significant downturn, mirroring broader risk asset sell-offs. Over the past week, Bitcoin’s price dropped by 24%, reaching $53,000, while Ethereum plummeted nearly a third to $2,340. Major altcoins also suffered, with Cardano down 27.7%, Solana 36.2%, Dogecoin 34.6%, XRP 23.1%, Shiba Inu 30.1%, and BNB 25.7%.
The severe downturn in the crypto market appears to be part of a broader flight to safety, triggered by disappointing economic data. A worse-than-expected unemployment report on Friday marked the beginning of a technical recession, as defined by the Sahm Rule. This rule identifies a recession when the three-month average unemployment rate rises by at least half a percentage point from its lowest point in the past year.
Friday’s figures met this threshold, signaling an abrupt economic downshift. Consequently, investors sought safer assets, leading to declines in major stock indices: the S&P 500 dropped 2%, the Nasdaq 2.5%, and the Dow 1.5%. This trend continued into Monday with further sell-offs overseas.
The crypto market’s rapid decline raises questions about its role as either a speculative asset or a hedge against inflation and recession. Despite hopes that crypto could act as a risk hedge, the recent crash suggests it remains a speculative investment.
Since the downturn, the crypto market has seen its largest three-day sell-off in nearly a year, losing over $500 billion in market value. According to CoinGlass data, this bloodbath wiped out more than $1 billion in leveraged positions within the last 24 hours, including $365 million in Bitcoin and $348 million in Ether.
Khushboo Khullar of Lightning Ventures, speaking to Bloomberg, argued that the crypto sell-off is part of a broader liquidity panic as traders rush to cover margin calls. Khullar views this as a temporary sell-off, presenting a potential buying opportunity.
Josh Gilbert, an eToro market analyst, supports Khullar’s perspective, suggesting that the expected Federal Reserve rate cuts could benefit crypto assets. “Crypto assets have sold off, but many investors will see an opportunity. We see Federal Reserve rate cuts, which are now likely to come sharper than expected, as hugely positive for crypto assets,” Gilbert told Coindesk.
Despite the recent volatility, crypto continues to make strides toward mainstream acceptance. Notably, Morgan Stanley will allow its advisors to offer Bitcoin ETFs starting Wednesday. This follows more than half a year after the introduction of the first Bitcoin ETF. The investment bank will enable over 15,000 of its financial advisors to sell BlackRock’s IBIT and Fidelity’s FBTC. This move is seen as a significant step toward the “mainstreamization” of crypto, given the lengthy regulatory and company processes in major investment banks.
The recent crypto market downturn highlights its volatility and the broader economic concerns affecting all risk assets. While some analysts see the current situation as a temporary sell-off and a buying opportunity, others caution against the speculative nature of crypto. As the market evolves, its role as a mainstream alternative asset continues to grow, marked by increasing institutional acceptance and new investment opportunities.
