Insider Buying: Atlantic Power Corp (ATP) Director Buys 96,700 Shares of Stock
Atlantic Power Corp (TSE:ATP) (NYSE:ATP) Director Irving Russell Gerstein bought 96,700 shares of the firm’s stock in a transaction that occurred on Friday, June 15th. The stock was bought at an average cost of C$2.84 per share, for a total transaction of C$274,628.00.
Irving Russell Gerstein also recently made the following trade(s):
- On Monday, June 18th, Irving Russell Gerstein bought 25,000 shares of Atlantic Power stock. The stock was bought at an average cost of C$2.77 per share, for a total transaction of C$69,250.00.
Atlantic Power stock traded down C$0.04 during trading on Monday, reaching C$2.75. The company had a trading volume of 63,360 shares, compared to its average volume of 110,896. Atlantic Power Corp has a 52 week low of C$2.26 and a 52 week high of C$3.40.
Separately, National Bank Financial decreased their target price on Atlantic Power from C$2.50 to C$2.40 and set a “sector perform” rating on the stock in a report on Monday, March 5th.
About Atlantic Power
Atlantic Power Corporation owns and operates a fleet of power generation assets in the United States and Canada. As of December 31, 2017, its power generation projects had an aggregate gross electric generation capacity of approximately 1,633 megawatts consisting of interests in 18 operational power generation projects across 9 states in the United States and 2 provinces in Canada.
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