Trade Alert: Power Corporation of Canada (TSE:POW) Executive Vice President Claude Genereux Just Spent C$216,000 to Buy 28% More Shares

Potential Power Corporation of Canada (TSE:POW) Shareholders may want to note that Executive Vice President Claude Genereux recently purchased CA$216,000 worth of stock, paying CA$35.95 for each share. It’s a very solid buy in our book, and has increased their stake by a remarkable 28%.

Check out our latest analysis for Power Corporation of Canada

The last 12 months of insider trading at Power Corporation of Canada

In the past twelve months, the largest single sale by an insider occurred when Vice Chairman of the Board, Amaury-Daniel de Seze, sold C$5.0 million worth of shares at the price of C$42.08 per share. While we generally don’t like to see insider selling, it’s more of a concern if the selling takes place at a lower price. The silver lining is that this sale took place above the last price (CA$34.60). It is therefore difficult to draw a firm conclusion.

Over the past year, we can see that insiders have purchased 98.57,000 shares worth C$2.8 million. On the other hand, they sold 123.34k shares, for 5.2 million Canadian dollars. In total, Power Corporation of Canada insiders have sold more than they have bought over the past year. The average selling price was around CA$42.09. Insider selling does not make us want to buy. But we note that the sale, on average, was well above the recently traded price of C$34.60. The chart below shows insider trading (by companies and individuals) over the past year. By clicking on the graph below, you will be able to see the precise detail of each insider trade!

TSX:POW Insider Trading Volume May 15, 2022

If you’re like me, then you do not want to miss this free list of growing companies insiders are buying.

Insider ownership

I like to look at how many shares insiders own in a company, to help me get a sense of how aligned they are with insiders. Usually, the higher the insider ownership, the more likely insiders will be incentivized to build the company for the long term. It appears that insiders of Power Corporation of Canada own 0.5% of the company, which is worth approximately C$115 million. We have certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest an alignment between insiders and other shareholders.

So what does this data suggest about Power Corporation of Canada insiders?

It is certainly positive to see the recent insider buying. On the other hand, the history of transactions, over the last year, is not so positive. Recent buying by some insiders, along with strong insider ownership, suggests Power Corporation of Canada insiders are quite aligned and optimistic. If you’re like me, you might want to ask yourself if this business will grow or shrink. Luckily you can check this free report showing analysts’ predictions for its future.

But note: Power Corporation of Canada may not be the best stock to buy. So take a look at this free list of interesting companies with high ROE and low debt.

For the purposes of this article, insiders are persons who report their transactions to the relevant regulatory body. We currently record open market transactions and private dispositions, but not derivative transactions.

This Simply Wall St article is general in nature. We provide commentary based on historical data and analyst forecasts only using unbiased methodology and our articles are not intended to be financial advice. It is not a recommendation to buy or sell stocks and does not take into account your objectives or financial situation. Our goal is to bring you targeted long-term analysis based on fundamental data. Note that our analysis may not take into account the latest announcements from price-sensitive companies or qualitative materials. Simply Wall St has no position in the stocks mentioned.

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