Insider Buying: Cenveo Inc (CVO) Major Shareholder Purchases 10,000 Shares of Stock
Cenveo Inc (NYSE:CVO) major shareholder Nathu R. Puri purchased 10,000 shares of the stock in a transaction on Wednesday, July 12th. The shares were bought at an average cost of $6.02 per share, for a total transaction of $60,200.00. Following the transaction, the insider now directly owns 1,035,000 shares in the company, valued at $6,230,700. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.
Cenveo Inc (NYSE CVO) traded up 3.28% on Friday, hitting $6.30. The company’s stock had a trading volume of 19,865 shares. The stock has a market cap of $53.88 million, a PE ratio of 1.18 and a beta of 1.78. Cenveo Inc has a 12 month low of $3.52 and a 12 month high of $10.50. The firm has a 50 day moving average of $5.82 and a 200-day moving average of $5.82.
Separately, TheStreet lowered Cenveo from a “c-” rating to a “d+” rating in a research report on Tuesday, May 16th.
Cenveo, Inc is a diversified manufacturing company focused on print-related products. The Company’s portfolio of products includes envelope converting, commercial printing and label manufacturing. The Company operates through three segments: Envelope, Print and Label. The Company’s Envelope segment offers direct mail products used for customer solicitations and transactional envelopes used for billing and remittance by end users, including financial institutions, insurance companies and telecommunications companies.
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