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Trio Merger Corp. (NASDAQ:SAEX) major shareholder John P. Pecora purchased 16,934 shares of Trio Merger Corp. stock in a transaction dated Monday, August 18th. The shares were purchased at an average price of $8.61 per share, with a total value of $145,801.74. Following the transaction, the insider now directly owns 1,912,184 shares in the company, valued at approximately $16,463,904. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, 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) opened at 8.8124 on Thursday. Trio Merger Corp. has a 1-year low of $6.60 and a 1-year high of $10.20. The stock’s 50-day moving average is $8.48 and its 200-day moving average is $8.81. The company’s market cap is $131.0 million.

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