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Trio Merger Corp. (NASDAQ:SAEX) major shareholder John P. Pecora acquired 16,934 shares of the stock on the open market in a transaction dated Monday, August 18th. The stock was purchased at an average price of $8.61 per share, with a total value of $145,801.74. Following the purchase, the insider now directly owns 1,912,184 shares of the company’s stock, valued at approximately $16,463,904. The acquisition was disclosed in a document filed 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) remained flat at $8.65 during during mid-day trading trading on Tuesday. 10,201 shares of the company’s stock traded hands. Trio Merger Corp. has a 52 week low of $6.60 and a 52 week high of $10.20. The stock’s 50-day moving average is $8.46 and its 200-day moving average is $8.81. The company’s market cap is $128.6 million.

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