Insider Buying: John P. Pecora Buys 21,654 Shares of Trio Merger Corp. Stock (SAEX)
Trio Merger Corp. (NASDAQ:SAEX) major shareholder John P. Pecora purchased 21,654 shares of Trio Merger Corp. stock on the open market in a transaction dated Thursday, June 5th. The stock was purchased at an average cost of $8.01 per share, for a total transaction of $173,448.54. Following the purchase, the insider now directly owns 1,759,946 shares in the company, valued at approximately $14,097,167. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.
Shares of Trio Merger Corp. (NASDAQ:SAEX) traded down 1.35% on Friday, hitting $8.05. The stock had a trading volume of 28,604 shares. Trio Merger Corp. has a 52 week low of $6.60 and a 52 week high of $10.55. The stock’s 50-day moving average is $8.73 and its 200-day moving average is $8.84. The company’s market cap is $119.7 million.
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