Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. What a difference a week makes. Not surprisingly, the Index ended its period of low volatility and its tight trading range once the Federal Reserve hiked rates 0.25% last week. The INK CIN which had displayed signs of building bullish momentum in weeks prior, stumbled hard last week and, on its way down, sliced easily through its 200-day moving average support at 1161.80. The Index came to rest at 1149.79, near the lows of the week, for a loss of 30 points or 2.5%.
As Royal Bank stock stumbles, insiders keep selling
Canadian Company Report from Jun 22, 2017
Falling share price fails to attract insider buying
This report was originally published for INK Research subscribers on Jun 22nd 2017.
Royal Bank (RY) stock is down about 2.0% over the past three months, underperforming the broader market as measured by the S&P/TSX Composite Index (-1.3%) and the INK Canadian Insider Index (+0.5%) over the same period. When a stock underperforms, we like to see if insiders are buying. If they are, it could signal that investors are too pessimistic about the company's prospects.
On the other hand, if they are selling into weakness, it often serves as a warning sign.
In the case of Royal Bank, investors should consider themselves warned. Registered Canadian Insider users can download today's Royal Bank company report to see why.
Canadian Insider Club members enjoy 3 free INK Company report downloads each month in addition to receiving our daily Morning INK, weekly Market INK and monthly Top 40, Top 30 Energy and Top 20 Gold reports. Members also enjoy a third-party banner ad free experience.
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INK Edge Highlights
Plaza Retail REIT (PLZ) has notable insider buying
Floriana Cipollone, CFO, acquired 6,600 Trust Unit...
Last updated:
Thursday, June 22, 1:19 am
Top Buys and Sells Past WeekTSX and TSXV stocks with most insider sellings in the past 7 days |
*Real-time data source: Nasdaq, CXC and CX2
Canadian Smart Money is Buying
Stocks with smart money
Buying: 82 (-6)
Selling: 33 (+3)
on the TSX, June 21
Winner's Circle
Martinrea International Inc. (MRE)
Subindustry: Industrial products -- Fabricating and engineering
On December 1, 2016, we highlighted net insider buying at Martinrea International (MRE) in our Morning INK Report. The stock has moved up 45.59% since the report date, and insiders have been net buyers of 102,591 shares. Visit the company page to see who has been active.
Source: INK Research
Key ETFs & Commodities
11.53
0.000 (0.000)
TSX Jun 19 Close
22.45
+0.040 (+0.178%)
TSX 09:50 EDT Delayed 15 minutes
1,250.570
09:59 am EDT live
* Real-time ETF data source: Nasdaq, CXC and CX2
Insider Sentiment vs TSX
The INK Indicator is updated daily and measures the level and direction of insider sentiment by looking at key purchases and sales by executives in every company. The indicator represents the ratio of stocks with key insider buying over key insider selling. For more background on market and sector indicators, please visit INK Research
Coral and Barrick Close Sale of Robertson Property in Nevada
Sponsored: redistributed by Commitment Centre, June 12, 2017
VANCOUVER, British Columbia, June 08, 2017 -- Coral Gold Resources Ltd. (TSX.V:CLH) (OTCBB:CLHRF) (the "Company" or "Coral") announced today that, further to the Company's news release dated June 21, 2016, Coral has closed the purchase and sale agreement (the "Agreement") with Barrick Cortez Inc. ("Barrick"), a subsidiary of Barrick Gold Corporation, for the sale of the Robertson Property in Lander County, Nevada, to Barrick.
Sponsored Content
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