TMX Group (X)has notable insider net $ selling

TMX Group (T:X) has notable insider net $ selling

Shaun McIver, a Senior Officer, disposed 18,522 Common Shares on a direct ownership basis at prices ranging from $127.605 and $128.029 through the public market between December 2nd, 2020 and December 4th, 2020. The insider also acquired 16,015 Common Shares on a direct ownership basis at prices ranging from $51.610 and $83.930 through an exercise of options between December 2nd, 2020 and December 4th, 2020. This represents a $1,241,427 net divestment of the company's shares and an account share holdings change of -100.0%.

TMX Group Ltd is Canada-based company, which operates in global markets and builds digital communities and analytic solutions that facilitate the funding of businesses, traders and investors. The Company's operating segments include capital formation, equities and fixed income trading and clearing, derivatives trading and clearing and global solutions, insights and analytics. The capital formation expands the capital market community to facilitate capital raising for issuers and to provide access to alternative sources of capital. It includes Toronto stock exchange (TSX) and TSX venture exchange (TSXV). The derivatives trading and clearing segment includes new product creation and leverage market position. It includes Montreal exchange and Canadian derivatives clearing corporation (CDCC).