Three Saputo insiders bought more than $6 million worth of shares in the Montreal dairy processor this week.
Saputo founder Lino Saputo purchased a block of 213,564 shares on Tuesday. The transaction was completed for the benefit of the Mirella and Lino Saputo Foundation.
Joe Marsilii, a close associate of Lino Saputo, bought a block of 5,000 shares on Thursday, while Haig Poutchigian, president and chief operating officer of the dairy division in Canada, bought 3,600 shares on Tuesday.
As pressure mounts on BCE stock, the former National Bank CEO bought nearly $300,000 worth of shares in the Montreal telecommunications company mid-week. Louis Vachon bought a block of 5,000 shares on Wednesday. He has been a member of BCE’s Board of Directors since October. This is the third time he has bought a block of 5,000 BCE shares since the fall.
Eric Boyko’s investment firm just bought just over half a million dollars worth of Stingray stock. A block of 105,000 shares of the Montreal-based music service provider was purchased Thursday at a unit price of $5.05. Eric Boyko is the big boss and co-founder of Stingray.
The new Chief Financial Officer of Supremex bought several small blocks of shares in the Montreal manufacturer of envelopes and packaging products earlier this week. François Bolduc purchased during Monday’s session a total of 3,100 shares of Supremex. He has been Chief Financial Officer since the beginning of July.
Investors have always worried about Air Canada’s debt levels, but executives at Montreal-based hedge fund BT Global Growth say it’s important to remember that the Montreal-based carrier bought Aeroplan, which has 7 million customers faithful and surely worth $3 billion or more, making the balance sheet much safer than before.
With seat occupancy at an all-time high and government regulators clearly backing this virtual monopoly, BT Global argues in its most recent monthly financial letter that Air Canada stock should trade at higher multiples. students. The firm expects the stock to rise as Air Canada reports better results.
A director of Boralex bought this week for approximately $110,000 of shares in the Quebec producer of renewable energy. Zin Smati bought a block of 3,500 shares on Tuesday. He has been a member of the Boralex Board of Directors for two years.
A member of the Colabor Group board of directors bought shares of the Boucherville food distributor earlier this week. Jean Gattuso bought a total of 10,000 shares on Monday. He has been a director at Colabor for two years.
Quebec stocks of Alimentation Couche-Tard, Lassonde, Logistec, CAE, TFI, WSP, SNC-Lavalin and Cascades all reached a 52-week high on the Toronto Stock Exchange this week.
On the other hand, those of Nuvei, BCE, Cogeco, Rogers Sugar and Theratechnologies hit a 52-week low this week.
