Posted at 7:00 a.m.
The chairman of the board of directors of Stingray has just purchased approximately $1 million worth of shares in the Montreal music service provider.
Mark Pathy purchased on March 3 and 4 a total of 139,500 shares, his first stock purchases of Stingray This year. He had made several in 2021.
“Electrification is here to stay,” says analyst Jed Dorsheimer of Canaccord in his initial report on Lion published on Tuesday. “This trend has been present for several decades. He launched his official coverage of the Saint-Jérôme electric vehicle manufacturer’s activities by recommending buying the stock. He particularly appreciates Lion’s potential in the school bus market. They are now six analysts out of nine to propose the purchase of the title.
A senior leader of Canadian National has just sold more than $600,000 worth of shares in the Montreal rail carrier. Sean Finn, executive vice president of corporate services and chief legal officer, sold a block of 4,000 shares on March 4. It got a unit price of $153.30.
The sharp rise in the price of gasoline is fueling the uncertainty surrounding the margins generated by Couche-Tard. The high cost of fuel can reduce demand in addition to having an effect on merchandise sales in convenience stores. Management will certainly be called upon to comment on the situation on Wednesday on the sidelines of the publication of the company’s quarterly results.
Two members of the board of directors of SNC Lavalin bought blocks of shares worth about $400,000 in the Montreal-based engineering services company earlier this week. Mike Pedersen bought a block of 10,000 shares on Monday, while Christie Clark bought a block of 3,500 shares the same day.
The fund manager Fidelity has just indicated to the stock market authorities that it sold shares of the Montreal franchisor last month MTY. The transactions reduced Fidelity’s stake to 10.16%. Fidelity’s previous statement was from December 2020 and its stake in MTY was then 13.39%.
The former CEO of Rogers Sugar sold in the middle of the week for nearly half a million dollars of shares in the Montreal producer of sugar and maple products. John Holliday on Wednesday sold a block of 78,875 shares at a unit price of $6.21.
The Quebec titles of Subway and of Dollarama reached a new 52-week high in Toronto this week. At the opposite, Dorel, CAE, Lightspeed, Guru, Marlet good food, mdf trade, BRP and Bausch Health hit a 52-week low.