number of shares owned or controlled by insiders.
Archives
Insider Trading
This is trading in the shares of an entity by its directors and officers. These individuals are required to disclose their trades before they happen, and several services provide this information to investors. It is useful, though not an absolute indicator as to a stock?s potential movement, to know if insiders are selling or buying shares of the company they run.
Initial Public Offering (IPO)
A company’s first issue of shares to the general public.
Inside Information
Non-public information pertaining to the business affairs of a corporation that could affect the company’s share price should the information be made public.
Indicated Annual Dividend/Distribution
For an issue with a committed dividend/distribution policy, the indicated annual dividend/distribution (IAD) equals the most recent dividend/distribution multiplied by the payment frequency. For example, if an issuer pays $0.04 quarterly, then the indicated rate is $0.04 X 4 or $0.16. In the case of issuers with no committed policy, the IAD is obtained by adding the dividend/distribution amounts paid in the last 12-month period. Indicated annual dividend/distribution is also referred to as indicated rate.
Indicative Calculated Closing Price (ICCP)
A feature of Market On Close (MOC), a TSX electronic call market facility, the Indicative Calculated Closing Price (ICCP) provides a preliminary indication of what the calculated closing price for a MOC security would be assuming the regular trading session had ended at the time of calculation. The ICCP is calculated without reference to volatility parameters. The ICCP for each MOC security will be broadcast to the trading community at 3:50 PM ET on each trading day, 10 minutes prior to the actual Market On Close execution. A key objective of broadcasting the ICCP is to provide market participants with an early indication of potentially large price movements at the close. The ICCP for all MOC securities will be included in the MOC Imbalance Report that is made available on tmxmoney.com.
Industry Group
companies in related businesses.
Index Option
An option whose underlying security is an index. An example would be the S&P 100 (OEX). A trader can buy index options and bet on the direction of the OEX.
Index Participation Unit (IPU)
See Exchange-Traded Fund (ETF).
Income Stock
A security with a solid record of dividend payments and which offers a dividend yield higher than the average common stock.