Wednesday’s Insider Report: Large shareholder invests over $3-million in this stock yielding 5.3%

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Wednesday’s Insider Report: Large shareholder invests over $3-million in this stock yielding 5.3%
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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.

Listed below are two stocks that have had recent buying activity in the public market reported by insiders.Between March 27-29, Sime Armoyan, with an ownership position exceeding 10 per cent, acquired a total of 805,100 shares at an average cost per share of approximately $4.36 for an account in which she has control or direction over , increasing this particular account’s position to 12,006,400 shares. The cost of these purchases exceeded $3.5-million.

Between March 23-31, senior vice-president - technical services Chris Bostwick exercised his options, receiving a total of 125,274 shares at an average cost per share of roughly $7.69, and sold 125,274 shares at an average price per share of approximately $15.98, after which this specific account held 70,627 shares. Net proceeds totaled over $1-million, excluding any associated transaction fees.

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