<p class = "web-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "We lost the number of insiders have unfortunately accumulated numerous examples of precipitous drops in share prices after the sale of insiders.The shareholders may want to know if insiders have bought or sold shares in Canadian Imperial Bank of Commerce (TSE: CM). "Data-reactid =" 27 "> We have lost the count of the number of times insiders have accumulated shares in a company that is noticeably improving, but there are also many examples of declining stock prices after shareholders have sold shares, so shareholders may want to know if insiders have bought or sold shares in Canadian Imperial Bank of Commerce (TSE: CM).

What is the sale of insiders?

It is perfectly legal for insiders of the company, including board members, to buy and sell shares of a company. However, these insiders must disclose their business activities and not negotiate inside information.

Insider trading is not the most important thing when it comes to investing in the long run. But it makes perfect sense to keep an eye on what insiders do. For example, a Columbia University study found that "insiders are more likely to engage in open-market buying of their own company's shares when it is about to disclose new deals with companies." customers and suppliers ".

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = " See our latest analysis for Canadian Imperial Bank of Commerce "data-reactid =" 31 "> Check out our latest analysis for Canadian Imperial Bank of Commerce

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Last 12 months of insider trading at Canadian Imperial Bank of Commerce

Over the past year, we can see that the largest insider sale was conducted by President Victor Dodig for $ 2.0 million of stock, at about $ 123 a share. This means that an insider was selling stocks around the current price of $ 107 CDN. Although their point of view may have changed since the sale, it is not a particularly positive fact. We usually stop to think about the potential that a stock has a high valuation, if insiders were selling at roughly the current price.

During the past year, we can see that insiders purchased 4.20,000 shares worth C $ 494,000. On the other hand, they sold 18.50 000 shares for 2.3 million dollars. Overall, insiders sold more shares of Canadian Imperial Bank of Commerce than they bought in the last year. The sellers received a price of about C $ 123 on average. It's not really good to see insiders sell stocks at current prices. Since insiders sell for many reasons, we will not put too much weight on that. You can see a visual representation of insider transactions (by individuals) over the last 12 months, below. By clicking on the graph below, you can see the specific details of each insider transaction!

TSX: CM Insider Offense January 12 19

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<p class = "canvas-atom-canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "If you want to buy shares alongside management, then you could like that free list of companies. (Hint: insiders bought them). "Data-reactid =" 48 "> If you like to buy stocks alongside management, you might love this free list of companies. (Hint: insiders bought them).

Insiders at Canadian Imperial Bank of Commerce bought shares recently

Over the past three months, we have seen significant insider purchases at Canadian Imperial Bank of Commerce. We can see that director Barry Zubrow paid C $ 168,000 for shares in the company. Nobody sold. This shows some optimism about the future of society.

Does Canadian Imperial Bank of Commerce benefit from a strong ownership of insiders?

Another way to test the alignment between the executives of a company and other shareholders is to determine the number of shares that they own. Usually, the higher the insider participation, the more likely it is that insiders will be encouraged to build the company in the long run. Insiders own 0.03% of the shares of Canadian Imperial Bank of Commerce valued at approximately $ 15 million. This level of ownership by insiders is good, but it stands out particularly. This certainly suggests a reasonable degree of alignment.

The story continues

So, what do these insider data from the Canadian Imperial Bank of Commerce suggest?

<p class = "canvas-atom-canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "It's good to see recent purchases from While the same can not be said for the last 12 months, the most recent transactions are positive, but Canadian Imperial Bank of Commerce insiders do not show the sustained enthusiasm we seek, even though have a decent number of shares, all in all, so they look pretty well aligned, of course. the future is what matters most. So, if you're interested in the Canadian Imperial Bank of Commerce, you should check this free report on analyst forecasts for the company. "data-reactid =" 58 "> It's good to see recent insider buying, but the same can not be said for the last 12 months, the most recent transactions are positive, but insiders Canadian Imperial Bank of Commerce did not show the continued enthusiasm we are looking for, although they have a decent number of stocks overall, so they seem pretty well aligned in the aggregate. the future is what matters most. So, if you're interested in the Canadian Imperial Bank of Commerce, you should check this free report on analyst forecasts for the company.

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<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "To help readers understand the past volatility of the financial market in the short term, our goal is to provide you with a long-term research analysis based solely on fundamental data. Note that our analysis does not take into account the latest price sensitive business announcements.

The author is an independent contributor and, at the time of publication, was not positioned in the mentioned actions. For errors that need to be corrected, please contact the publisher at editorial-team@simplywallst.com.

"data-reactid =" 60 "> To help readers overcome the short-term volatility of the financial market, we aim to provide you with a long-term research analysis based solely on fundamental data. account of the latest price sensitive business announcements.

The author is an independent contributor and, at the time of publication, was not positioned in the mentioned actions. For errors that need to be corrected, please contact the publisher at editorial-team@simplywallst.com.