Insider Buying: Trio Merger Corp. major shareholder Acquires 77,484 Shares of Stock (SAEX)
Trio Merger Corp. (NASDAQ:SAEX) major shareholder John P. Pecora acquired 77,484 shares of the stock in a transaction that occurred on Wednesday, August 20th. The stock was purchased at an average price of $8.63 per share, with a total value of $668,686.92. Following the transaction, the insider now directly owns 1,989,668 shares in the company, valued at approximately $17,170,835. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.
Trio Merger Corp. (NASDAQ:SAEX) traded down 1.84% on Thursday, hitting $8.65. The stock had a trading volume of 4,150 shares. Trio Merger Corp. has a one year low of $6.60 and a one year high of $10.20. The stock has a 50-day moving average of $8.48 and a 200-day moving average of $8.81. The company’s market cap is $128.6 million.
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