Insider Buying: Trident Acquisitions Corp. Units (TDACU) Director Buys $5,000,000.00 in Stock

Trident Acquisitions Corp. Units (OTCMKTS:TDACU) Director Gennadii Butkevych acquired 500,000 shares of the company’s stock in a transaction dated Friday, June 1st. The shares were purchased at an average cost of $10.00 per share, for a total transaction of $5,000,000.00. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link.

Trident Acquisitions Corp. Units stock opened at $10.10 on Friday. Trident Acquisitions Corp. Units has a 1 year low of $10.00 and a 1 year high of $10.20.

A number of institutional investors have recently added to or reduced their stakes in TDACU. Citadel Advisors LLC acquired a new stake in Trident Acquisitions Corp. Units in the 2nd quarter valued at $240,000. Hudson Bay Capital Management LP purchased a new position in Trident Acquisitions Corp. Units in the 2nd quarter valued at $16,632,000. First Wilshire Securities Management Inc. purchased a new position in Trident Acquisitions Corp. Units in the 2nd quarter valued at $700,000. Finally, Cowen Inc. purchased a new position in Trident Acquisitions Corp. Units in the 2nd quarter valued at $2,081,000.

COPYRIGHT VIOLATION NOTICE: This piece was posted by WKRB News and is the sole property of of WKRB News. If you are viewing this piece on another domain, it was stolen and reposted in violation of international trademark & copyright laws. The correct version of this piece can be viewed at https://www.wkrb13.com/2018/11/09/insider-buying-trident-acquisitions-corp-units-tdacu-director-buys-5000000-00-in-stock.html.

Trident Acquisitions Corp. Units Company Profile

Trident Acquisitions Corp. intends to enter into a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination with one or more target businesses primarily in the oil and gas or other natural resource sector. The company was founded in 2016 and is based in New York, New York.

Recommended Story: Day Trading – Risk Worth the Reward?

Receive News & Ratings for Trident Acquisitions Corp. Units Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trident Acquisitions Corp. Units and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply