TSX:ERE.UN - Post by User
Comment by
DanielDardenon Sep 22, 2024 10:56am
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Post# 36235326
RE:insider buying yesterday
RE:insider buying yesterdayjaden344 wrote: Director Julian Schonfeldt acquired 25,100 shares of European Residential Real Estate Investment Trust stock in a transaction dated Thursday, September 19th. The shares were purchased at an average price of C$3.22 per share, with a total value of C$80,729.13.
I see a second purchase on the same day which virtually doubles that amount. As an executive at CAR (65% holder) he would certainly know the value of the remaining properties and the plans for them. He was compelled to hold off until the disclosure of the sale to avoid an insider trading violation with material info.