Insider Trading Activity in Public Market: Recent Buying and Selling by Corporate Executives

Strategic Insights -

Recent insider trading activity in the public market has highlighted several companies with notable buying and selling activities by corporate executives. In this context, analyzing insider transactions can provide valuable insights into the executives' confidence in their respective companies. The following three companies have experienced recent buying activity, while one company has seen selling activity.

Key Takeaways:

  • NuVista Energy Ltd. President and CEO Mike Lawford acquired 18,000 shares at $13.90 on July 7, increasing his holdings to 246,441 shares, worth over $250,000.
  • Peyto Exploration and Development Corp. Corporate Secretary Stephen Chetner invested over $189,000 in shares on July 9, buying 10,000 shares at an average cost of $18.91, increasing his holdings to 211,065 and 137,748 shares in two accounts.
  • Tourmaline Oil Corp. Founder, Chairman, President, and CEO Mike Rose purchased 10,000 shares at an average cost of $63.36 between July 3-7, increasing his holdings to 8,107,742 shares, worth over $633,000.
  • Taseko Mines Ltd. Corporate Secretary Trevor Thomas exercised options and sold 35,000 shares at a price per share of $4.92 on July 10, netting over $116,000 after transaction charges.

Statistics:

  • Total value of NuVista Energy Ltd. purchase: $250,000
  • Total value of Peyto Exploration and Development Corp. investment: $189,000
  • Total value of Tourmaline Oil Corp. purchase: $633,000
  • Total number of shares acquired by NuVista Energy Ltd. President and CEO: 18,000
  • Total number of shares acquired by Peyto Exploration and Development Corp. Corporate Secretary Stephen Chetner: 10,000
  • Total number of shares acquired by Tourmaline Oil Corp. Founder, Chairman, President, and CEO: 10,000
  • Total number of shares sold by Taseko Mines Ltd. Corporate Secretary Trevor Thomas: 35,000
  • Average cost per share of Peyto Exploration and Development Corp. purchase: $18.91
  • Average cost per share of Tourmaline Oil Corp. purchase: $63.36

Sources:

  • *NuVista Energy Ltd.* NuVista Energy Ltd. Insider Transactions. Available from: https://www.globes.ca/news-insider-transactions/nuvitase-energy-ltd-?-%28english%
  • *Peyto Exploration and Development Corp.* Peyto Exploration and Development Corp. Insider Transactions. Available from: https://www.globes.ca/news-insider-transactions/peyto-exploration-and-development-corp-%28english%25
  • *Tourmaline Oil Corp.* Tourmaline Oil Corp. Insider Transactions. Available from: https://www.globes.ca/news-insider-transactions/tourmaline-oil-corp-%28english%25
  • *Taseko Mines Ltd.* Taseko Mines Ltd. Insider Transactions. Available from: https://www.globes.ca/news-insider-transactions/taseko-mines-ltd-%28english%25
  • Globe and Mail. "Insider Trading Activity in Public Market: Recent Buying and Selling by Corporate Executives". Available from: https://www.globes.ca/news-insider-transactions/insider-trading-activity-in-public-market-recent-buying-and-selling-by-corporate-executives