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Stock impact report

When the Canadian market tanked, company insiders took an unusual step: buying their own shares [Toronto Globe and Mail (Ontario, Canada)]

Canadian Pacific Railway Limited (CP) 
Last canadian pacific railway limited earnings: 4/21 04:24 pm Check Earnings Report
US:NYSE Investor Relations: investor.cpr.ca/financials/default.aspx
When the Canadian market tanked, company insiders took an unusual step: buying their own shares Canadian Pacific Railway Ltd. CEO Keith Creel, seen here on May 10, 2017, spent more than $4-million on nearly 15,000 shares. Jeff McIntosh/The Canadian Press Canadian Pacific Railway Ltd. CEO Keith Creel, seen here on May 10, 2017, spent more than $4-million on nearly 15,000 shares. As markets tumbled in the early weeks of the coronavirus crisis, executives and directors at Canada’s largest companies did something they don’t ordinarily do: buy their own shares. In the month of March, insiders bought more than 1.8 million shares of companies in the S&P/TSX 60 Index, spending more than $66-million. The insider buys work out to an average of 30,000 shares and about $2-million a company. By the standards of typical insider buying and selling, it was like a modern-day bull run. Typically, shares sold by insiders on the open market outnumber shares purchased by a factor of 10 to 1 or 20 to 1. Show less Read more
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