Insider Buying: TrueCar CEO Buys 166,600 Shares of Stock (TRUE)
TrueCar (NASDAQ:TRUE) CEO Scott Painter acquired 166,600 shares of the stock in a transaction dated Wednesday, May 21st. The shares were purchased at an average cost of $9.00 per share, for a total transaction of $1,499,400.00. Following the completion of the acquisition, the chief executive officer now directly owns 1,664,176 shares in the company, valued at approximately $14,977,584. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
TrueCar (NASDAQ:TRUE) traded down 0.97% during mid-day trading on Friday, hitting $9.22. The stock had a trading volume of 226,693 shares. TrueCar has a 52 week low of $9.05 and a 52 week high of $10.76. The stock’s 50-day moving average is $9.60 and its 200-day moving average is $9.60. The company’s market cap is $655.0 million.
TrueCar, Inc (NASDAQ:TRUE) is a data-driven online platform operating a technology infrastructure, powered by data and analytics.
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