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Trio Merger Corp. (NASDAQ:SAEX) major shareholder John P. Pecora acquired 17,123 shares of Trio Merger Corp. stock in a transaction that occurred on Friday, June 6th. The shares were purchased at an average price of $8.03 per share, for a total transaction of $137,497.69. Following the completion of the acquisition, the insider now directly owns 1,777,069 shares of the company’s stock, valued at approximately $14,269,864. The purchase was disclosed in a document filed with the SEC, which is available at this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Trio Merger Corp. (NASDAQ:SAEX) traded up 0.50% during mid-day trading on Tuesday, hitting $8.09. The stock had a trading volume of 11,895 shares. Trio Merger Corp. has a one year low of $6.60 and a one year high of $10.55. The stock’s 50-day moving average is $8.68 and its 200-day moving average is $8.87. The company’s market cap is $120.3 million.

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