Tuesday’s Insider Report: Director invests over $300,000 in this financial stock that’s up 55% in the past year
Listed below are companies that have recently been the subject of insider trading in the public market through their direct and indirect holdings, including accounts over which they have control or direction.
The list presents insider trading activities; it does not convey total ownership information because an insider may hold many accounts.
Keep in mind that when looking at insider trading activity, buying activity may reflect a security’s perceived value. Selling activity may or may not be related to the valuation of a stock; perhaps an insider needs to raise funds for personal reasons. An insider’s total holdings should be considered because a sale may, in context, be insignificant if that person has a significant remaining position in the company. I tend to place a premium on insider trading when I see multiple insiders trading in a company’s stock or shares.
Listed is a stock that has had insider-reported buy activity in the public market.
Crown Capital Partners Inc. (CRWN-T)
On April 14, John Brussa, who sits on the board, invested $320,000 in Crown stock. He acquired 40,000 shares at a cost per share of $8, increasing the position of this particular account (RRSP) to 60,000 shares.
The stock price has finally returned to pre-COVID levels, rebounding 55% in the past year.
According to Refinitiv, the company is covered by an analyst, Trevor Reynolds of Acumen Capital, who has a target price of $8, implying that the stock is almost fully priced.
Below are three stocks that have had recent selling activity in the public market reported by insiders.
First Majestic Silver Corp. (FR-T)
Between April 14 and April 18, Karen Liu, Vice President – Treasury, exercised her options, receiving 10,000 shares at a cost per share of $8.18, and sold 10,000 shares at a price per share of $18, thereby eliminating his position from that specific account. Net proceeds totaled over $98,000, not including associated transaction fees.
SilverCrest Metals Inc. (SILT)
On April 18, Board Chairman Graham Thody sold 60,000 shares at a price of $12.23 per share, reducing the holdings of this specific account to 158,571 shares. Proceeds from the sale totaled over $733,000, not including commission fees.
Westshore Terminals Investment Corp. (WTE-T)
On April 13, Vice Chairman and General Manager Glenn Dudar sold 4,500 shares at an average price per share of about $35.57, leaving 13,500 shares in that particular account. Proceeds from the sale exceeded $160,000, excluding trading fees.
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