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Inside the Market Tuesday’s Insider Report: Big 5 bank executive sells over $4.8-million worth of stock

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.

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Listed below are two stocks that have had recent insider buying activity.

CAE Inc. (CAE-T)

On March 20, Mark Hounsell, general counsel, chief compliance officer and corporate secretary, invested over $193,000 in shares of the company. He acquired 6,500 shares at a cost per share of $29.6987, increasing this portfolio’s position to 18,883 shares.

Knight Therapeutics Inc. (GUD-T)

On March 19, president and chief financial officer Samira Sakhia invested approximately $100,000 in shares of Knight Therapeutics. Ms. Sakhia bought 12,987 shares at a price per share of $7.70, lifting her account’s holdings to 35,174 shares.

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Listed below are two securities that have had recent selling activity reported by insiders.

Bank of Nova Scotia (BNS-T)

On March 22, chief human resources officer Barbara Mason exercised her options and sold the corresponding number of shares received (67,952) at a price per share of $71.5134 with proceeds from the sale totaling over $4.8-million. Ms. Mason’s closing account balance stood at 2,366 shares after these transactions.

Canadian Natural Resources Ltd. (CNQ-T)

On March 21, Allan Frankiw, senior vice-president – production, exercised his options and sold the corresponding number of shares received (2,500) at a price per share of $38.15 with a remaining account balance of 18,953 shares. Proceeds from the sale totaled approximately $95,000.

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