One of the most recent initial public offerings (IPOs) of 2017, Canada Goose Holdings Inc. (TSX:GOOS)(NYSE:GOOS) has seen volatility in recent trading days following an earnings release which was met with mixed reactions.
The company announced top and bottom line earning beats which coincided with announcing plans to taper growth long-term in an effort to avoid becoming a commodity, a move which was met with a significant amount of pullback from investors.
Whether the company's long-term strategic plans played into the decision of a number of key executives to exercise stock options remains to be seen, however this month has seen a large number of Canada Goose executives do just that.
During February alone, more than 188,000 shares have been sold by company insiders, with most of the liquidated shares linked to stock compensation vesting. The company's CFO, five senior vice presidents and one vice president all liquidated shares since the beginning of this month in transactions which totaled more than $7 million.
These transactions, while not indicative in any way of the future performance of the organization, come as Canada Goose's stock price appears to have peaked, leveling off at the $40 level in recent days.
As always, a reminder that insider selling is in no way an indication of the direction a stock is expected to move in the near-term, and long-term investors should assess the fundamentals of said company and consult an investment advisor before making any purchases.
Invest wisely, my friends.
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