Monday’s Insider Report: This grocery CEO is a buyer after an earnings miss sends shares tumbling

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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.

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.

On Sept. 15, the share price tumbled 5 per cent on high volume after the company reported its lower-than-expected first-quarter fiscal 2023 financial results. Earnings per share came in at 71 cents, below the consensus estimate of 74 cents.On Sept. 22, Eric Beutel bought 5,000 shares at a price per share of $47.50 for an account in which he has control or direction over , increasing this particular account’s position to 34,200 shares.

 

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