Posted at 8:00 a.m.
A senior executive and member of the board of directors of Senvest Capital has just sold approximately $1 million worth of shares in the Montreal asset manager.
Frank Daniel sold from August 16 to 19 a total of 3100 shares. He is a director of Senvest for 50 years and holds the position of secretary-treasurer within the company.
Senvest made headlines during the pandemic after making a nearly $1 billion gain on the GameStop stock, a video game retailer that found itself at the center of a saga pitting small investors against Wall’s hedge funds. Street.
After Moody’s last month, it was the turn of S&P Global Ratings this week to raise the rating of Bomber. S&P Global Ratings raises Bombardier’s rating to B-, with a stable outlook. These decisions by the rating agencies come at a time when borrowing costs are on an upward trend.
The CEO of the National Bank bought $1.3 million worth of shares in the Montreal financial institution on Friday. Laurent Ferreira thus bought 15,000 shares of the bank during the last trading session of the week.
auto parts distributor Uni-Select is one of the best-performing Quebec titles this summer. Distribution activities in an inflationary environment are particularly attractive if inventory was accumulated before the price surge. An investment professional whispers in our ear that inflation naturally increases the value of stocks, which helps margins.
Added to this is the fact that people are keeping their vehicles longer due to the scarcity of new cars and that the aging of the vehicle fleet leads to more repairs. People are starting to drive more again with the return to face-to-face work, an element favorable to wear and (unfortunately) to the number of collisions and accidents.
The big boss of Waterfalls has just bought another block of shares in the Quebec paper company. Mario Plourde bought 8,300 shares on August 19, a transaction worth just over $75,000. He had also bought blocks of shares at the beginning of August.
The strength of the rebound surprised more than one this summer. And this rebound has certainly caused some portfolio managers to be cautious, which may have resulted in profit taking that may explain part of the recent decline. Pessimism was well felt earlier this year when recent inflation figures were a little lower than expected. The return of the pendulum may have turned out to be a little stronger and faster than expected.
The big boss of Goodfellow has just purchased for just over $150,000 of shares in the Quebec manufacturer of wood products and distributor of building materials. Patrick Goodfellow bought from August 17 to 19 a total of 15,000 shares.
Analyst Nigel D’Souza, of the firm Veritas, affixed Thursday the mention “sell” on the title of the National Bank. His recommendation shows that he expects a negative return on the stock over the next 12 months. He sees the stock falling to $89 within a year. The action of the National is not necessarily more “risky” than that of the others, according to him. He simply doesn’t see any upside potential unless conditions in financial markets improve significantly. Six of the 13 analysts who follow the National Bank recommend its purchase.
The Quebec titles of CAE, Lion, Market good food, Heroux-Devtek, Guru and Band VAT all reached a 52-week low on the Toronto Stock Exchange this week. At the opposite, Boralex hit a 52-week high this week.