Merrick Venture Management, LLC, 10% Owner at tronc, Inc. (TRNC), bought 1,061,164 shares at $10.09 ($11.8M) on 2016-11-07, disclosed to the SEC on 2016-11-09.
Scheduled purchase ($11.8M) by 10% Owner under a pre-arranged 10b5-1 plan. Pre-set trade — not a discretionary signal on the stock.
Negative factors outweigh the positive ones.
| # | Price | Shares | Value | % of Total |
|---|---|---|---|---|
| 1 | $10.09 | 55,582 | $561K | 4.7% |
| 2 | $10.09 | 55,582 | $561K | 4.7% |
| 3 | $11.18 | 800,000 | $8.9M | 75.7% |
| 4 | $11.68 | 150,000 | $1.8M | 14.8% |
| Total | $11.14 avg | 1,061,164 | $11.8M | 100% |
| Filing → |
| TRNC | BUY | 2016-12-15 | $218K | — | Filing → |
| TRNC | BUY | 2016-12-08 | $114K | — | Filing → |
| TRNC | BUY | 2016-12-01 | $678K | — | Filing → |