Insider Report: CEO invests US$29-million in this beaten-down real estate stock
CEO Jay Hennick of Colliers International Group Inc. recently invested over US$29 million in the company's shares. He purchased 300,000 shares at an average price of approximately US$96.96, despite the stock's year-to-date decline of about 34 percent. This insider buying activity may indicate a perceived value in the stock, contrasting with other recent insider selling activities in different companies.
- ▪Jay Hennick invested over US$29 million in Colliers International shares.
- ▪He purchased 300,000 shares at an average price of approximately US$96.96.
- ▪The stock has declined roughly 34 percent year-to-date.
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ShareSave for laterPlease log in to bookmark this story.Log InCreate Free AccountFeatured 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.
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