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Bill Ackman Makes Massive Canadian Pacific Railway Insider Sell, Plus Under Armour, Intel, Philip Morris and More

What a wild and woolly week. Between earnings pouring in, huge deals and some nervous commentary from Carl Icahn, investors had more than enough on their plates for sure. Insiders looking to sell shares are starting to emerge from the sidelines as quiet periods are ending. With earnings starting to wind down, we expect that buyers and sellers will start to emerge in the next few weeks.

We cover insider selling every week at 24/7 Wall St., and we like to remind readers that just because an individual or 10% institutional owner is selling stock, that is no cause for immediate alarm. Many top executives, and even directors, are compensated with stock and often sell just to diversify or purchase other assets.

Here are companies that reported notable insider selling this past week.

Canadian Pacific Railway Ltd. (NYSE: CP) had a gigantic seller last week. Activist investor and the head of Pershing Square Capital, Bill Ackman, sold a gigantic position. Ackman’s firm parted with a total of 4,100,000 shares at $148 apiece. The total for the trade was a humongous $600 million. The company operates a transcontinental railway in Canada and the United States and...