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Trio Merger Corp. (NASDAQ:SAEX) major shareholder John P. Pecora acquired 20,000 shares of the stock in a transaction that occurred on Monday, June 23rd. The shares were purchased at an average price of $8.40 per share, with a total value of $168,000.00. Following the completion of the purchase, the insider now directly owns 1,821,300 shares of the company’s stock, valued at approximately $15,298,920. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Trio Merger Corp. (NASDAQ:SAEX) traded up 4.97% during mid-day trading on Wednesday, hitting $8.66. 4,320 shares of the company’s stock traded hands. Trio Merger Corp. has a one year low of $6.60 and a one year high of $10.50. The stock has a 50-day moving average of $8.33 and a 200-day moving average of $8.84. The company’s market cap is $128.8 million.

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