TSX:CVE - Post Discussion
Post by
retiredcf on Jan 02, 2024 8:58am
Insider Buying
Tuesday’s Insider Report: CEO invests over $500,000 in this large-cap energy stock
The following stock has had recent buying activity in the public market reported by an insider.
Cenovus Energy Inc.
On Dec. 18, president and chief executive officer Jon McKenzie bought 25,000 shares at a price per share of $22, increasing the holdings in this specific account to 609,788 shares. The cost of this purchase totaled $550,000, not including trading fees.
According to Refinitiv, the stock has 18 buy recommendations and one neutral recommendation. The average target price is $31.79, implying there is 44 per cent upside potential.
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