Insider Report: BlackBerry’s CEO cashes out $2-million as its stock continues to rally

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.

Listed below are three securities that have had recent buying activity in the public market reported by insiders.

Canoe EIT Income Fund (EIT.UN-T)

On Oct. 23, director Bruce Chernoff purchased 51,000 units at a price per unit of $17.7356 in his RRSP, increasing the holdings in this specific account to 945,918 units. The cost of this purchase exceeded $904,000.

G Mining Ventures Corp. (GMIN-T)

On Oct. 22, president, chief executive officer and director Louis-Pierre Gignac acquired 4,000 shares at an average price per share of approximately $40.66, lifting the holdings in this particular account to 220,818 shares. The cost of this investment totaled more than $162,000.

Trekor Metals Ltd. (TKO-T)

On Oct. 23, director Russell Hallbauer purchased 10,000 shares at an average cost per share of roughly $10.46, after which this particular account held 30,000 shares. The cost of this investment exceeded $104,000.

Mr. Hallbauer is the company’s former president and chief executive officer.

Listed below is a stock that has had recent selling activity in the public market reported by the CEO.

BlackBerry Ltd. (BB-T)

On Oct. 21-22, chief executive officer John Giamatteo sold a total of 250,000 shares at an average price per share of approximately $9.14, leaving 542,494 shares in this particular account. Proceeds from the sales totaled more than $2.2 million, excluding commission charges.

Year-to-date, the share price has rallied 149 per cent.