RE:Insider Unloads Common stock along with Insiders cash RSU'sHere's another piece of media just restating the insider sales were posted here a week ago by another BB member JustHarry1958 - just in case you missed it.
Globe says Concordia Int'l chairman sold company shares
2016-12-01 08:29 ET - In the News
The Globe and Mail reports in its Thursday, Dec. 1, edition that insider-selling activity is often a bearish indicator for a stock. The Globe's Jennifer Dowty writes that management clearly has the best information about company and industry conditions, and is in the best position to assess the health and outlook of the company's financials. So, if insiders have the confidence to purchase shares, that may be an indicator of value in the share price. Conversely, if insiders are selling shares that may or may not be an indicator of a stock being fully valued. Ms. Dowty says she puts great weight on insider transaction activities when she sees multiple insiders buying or selling a company's shares. Furthermore, an insider's total holdings should be considered as a sale may seem insignificant if this person has a large remaining position in the company. Ms. Dowty says Concordia International ($20.71) has seen notable insider-selling activity. Company chairman Jordan Kupinsky sold 530,000 shares on Nov. 8, and sold an additional 50,000 shares the following week, on Nov. 15.
JustHarry1958 wrote: Chairman of the Board Jordan Kupinsky sells ~600,000 shares of Concordia International (CXR.TO) after November 7th earnings. Chairman now holds zero shares, Pride partnershp an related entitity of Kupinsky has liquidated 90% of CXR shares. (Source: CanadianInsider)