Multiple insiders are buyers of MRE. On March 30, executive vice-president of propulsion systems Alfredo Alonso bought 8,850 shares at a cost per share of US$9.72, raising this particular account’s position to 31,236 shares. The cost of this investment totaled over US$86,000.
Between March 22-31, director Ed Waitzer invested over $257,000 (Canadian) in shares of Martinrea. He acquired a total of 20,000 shares at an average price per share of approximately $12.87 for an account in which he has indirect ownership (Waitzer Professional Corporation), after which this specific account held 30,000 shares.
On March 16, executive vice-president of metallics business unit Larry Paine acquired 7,200 shares at a cost per share of $14.11, lifting this specific account’s holdings to 37,553 shares. The cost of this purchase totaled over $101,000.
Previously, we reported that executive chairman Rob Wildeboer acquired 11,700 shares at a price per share of $13.82 on March 9, increasing this specific account’s holdings to 525,000 shares. The cost of this investment exceeded $161,000.
Year-to-date, the share price is down over 12 per cent. In late March, the stock dipped into oversold territory.