Thursday’s Insider Report: Large shareholder unloads $75-million in this energy stock

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Insider News

Share,Activity,Account

A look at recent notable transactions

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.

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.

On April 12, president and chief executive officer JP Lachance acquired 9,000 shares at a cost per share of $15.20 for an account in which he had indirect ownership , initiating a position in this particular account. The cost of this purchase exceeded $136,000.), with an ownership position exceeding 10 per cent, sold 6,000,000 shares at a price per share of $12.50. Proceeds totaled $75-million, excluding trading fees.

 

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