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.
Interfor Corp.
On May 16, chief financial officer Rick Pozzebon invested over $540,000 in shares of Interfor. He purchased a total of 16,180 shares for two accounts at an average price per share of approximately $33.39, after which one account held 23,143 shares and the other account held 5,920 shares.
Between May 18-20, Eric Larouche, senior vice-president for eastern operations, bought a total of 4,000 shares at an average cost per share of roughly $30.055, increasing this specific account’s position to 6,000 shares. The cost of these purchases totaled over $128,000.
According to Refinitiv, the stock has a unanimous buy recommendation from six analysts with an average one-year target price of $49.17, implying the share price will increase over 60 per cent.