Globe & Mail As can be seen, Smith only sold 1.6% of his holdings and Holland knows what he's doing so there's certainly no cause for panic. The recent decline in SP is IMHO, both an overreaction and a great buying opportunity. GLTA
Listed below is a stock that has had both buying and selling activity reported by insiders.
Real Matters Inc.
Over the past two weeks, the share price has collapsed from the mid-$20 level to the high teens. The stock is now in oversold territory with the RSI (relative strength index) at 30. Generally, an RSI reading at or below 30 reflects an oversold condition.
On Nov. 24, director Bill Holland invested over $2.9-million in shares of Real Matters. He bought 150,000 shares at an average cost per share of approximately $19.37.
Mr. Holland is the executive chairman of CI Financial Corp.
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and the former chief executive officer of CI Financial.
Throughout the month of November, founder Jason Smith was a steady seller. However, he continues to hold a significant number of shares. Between Nov. 2 and Nov. 27, he divested a total of 60,000 shares at an average price per share of roughly $23.42, trimming this particular account’s position to 3,733,384 shares. Proceeds from the sales totaled over $1.4-million, excluding trading fees.
Mr. Smith is the executive chairman of the board of directors and is the company’s former chief executive officer.