New TD director defies market pessimism with a million dollar purchase

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 92%

Business News News

Business Business Latest News,Business Business Headlines

Ajay Virmani adds to stake

Over the summer, insider sentiment jumped in the Canadian Financials sector as company executives bought when share prices fell. As investors sold over fears of higher rates, many insiders in the sector signalled confidence about the future. Toronto-Dominion Bank is one firm with notable insider buying. Newly appointed director Ajay Virmani wasted no time in picking up shares during the recent pullback. At the end of August, Mr. Virmani, also the chief executive officer of Cargojet Inc.

Ted Dixon is CEO of INK Research which provides insider news and knowledge to investors. For more background on insider reporting in Canada, visit the FAQ section at . Securities referenced in this profile may have already appeared in recent reports distributed to INK subscribers. INK staff may also hold a position in profiled securities.Chart reflects public-market transactions of common shares or unit trusts by company officers and directors.

Be smart with your money. Get the latest investing insights delivered right to your inbox three times a week, with the Globe Investor newsletter.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Developed economies feeling U.S. dollar pain in an emerging market wayThe stronger greenback is pushing rival currencies lower. Read on
Source: financialpost - 🏆 7. / 85 Read more »