INVESTING
Insider buying at Winpak Today, we take a look at CFO buying at North American packager Winpak Ltd. (Friday's close $43.29) The stock, which is a member of the INK Canadian Insider Index, hit an all-time high of $50.91 on March 30. However, it has dropped more than 10 per cent from that peak. On April 25, CFO Kenneth Kuchma acquired 2,000 shares between $42.86 and $42.96. The stock currently trades near the bottom of the Bollinger Band range, often an oversold signal. Seeing the CFO buy near that level supports that technical view.
Ted Dixon is CEO of INK Research, which provides insider news and knowledge to investors. For more background on insider reporting in Canada, visit the FAQ section at inkresearch.com. Securities referenced in this profile may have already appeared in recent reports distributed to INK subscribers. INK staff may also hold a position in profiled securities.