A senior executive at Alimentation Couche-Tard has just sold nearly $1.3 million worth of shares in the Laval convenience store chain.
Senior Vice President of Operations Jørn Madsen sold the 1er August a lot of 15,000 shares at a unit price of $83.94.
A Saint-Bruno-de-Montarville food distributor is attracting more and more attention from Bay Street. For the second time in less than a month, a new analyst has just started an official follow-up of the activities of Colabor by suggesting buying the stock. Analyst Michael Glen of Raymond James notes in his initial report published Tuesday that there is a strong probability that management will succeed in achieving its short- and medium-term objectives, namely increasing Colabor’s market share and its penetration in Quebec. He also notes that a major contract must be renewed before the end of the year and he expects a competitive bidding process. There are now three analysts following the stock and all three say buy.
Power Corporation revealed Thursday that its subsidiary Sagard sold its minority stake in the baseball equipment supplier last spring. RawlingsThe transaction raised $83 million. The stake in Rawlings was held by Peak Achievement Athletic, an entity that is co-owned by Fairfax. Peak owns hockey equipment manufacturer Bauercurrently for sale.
Largest shareholder of Electric LionPower Corporation has also just adjusted the valuation of its investment in the Saint-Jérôme manufacturer of zero-emission vehicles to reflect its decline in stock market value. After the $20 million loss in value recorded in its results at the start of the financial year, the Montreal financial conglomerate has just recorded a $42 million loss in value in its spring results released Thursday. The value of the investment in Lion has now fallen to $60 million at the current stock market price.
A member of the senior management of CGI made a gross profit of nearly $1 million this week by selling shares of the Montreal-based IT services company. Tim Hurlebaus, president of the U.S. private sector and local government business unit, exercised 11,163 options at a strike price of $63.23 on Tuesday and then sold the shares for $146.26 each.
Markets will be driven in the coming months by the Fed’s behavior and the evolution of the US presidential election race, according to strategist Sébastien McMahon at iA Global Asset Management. More volatility is to be expected in certain segments, he emphasizes in his monthly commentary for August.
“If Trump’s odds of victory were to increase, we would expect small caps to regain the upper hand due to tariffs, the possibility of pro-business policies and deregulation.”
As for big tech companies, he notes that a likely Trump victory ahead of the election would likely create headwinds for “Wall Street’s best-performing” sector, given the increased scrutiny and regulation that will follow. “Companies with high effective tax rates should benefit from a Trump victory, which would translate into further tax cuts and a reduced tax burden.”
A leader of BRP has just made a gross gain of over $420,000 by selling shares of the Valcourt recreational vehicle manufacturer. Patrick Dussault, Senior Vice President, Global Manufacturing Operations, exercised 7,700 options on July 22 at exercise prices ranging from $26.66 to $62.69 and then sold these shares for between $95 and $96.
Quebec titles of Lassonde, Tecsys, iA Financial Group And Savaria all hit 52-week highs on the Toronto Stock Exchange this week.
On the other hand, those of Lightspeed, CAE, Coveo, Deckchair, Air Canada And Lion fell again this week to a 52-week low.