An issue of Cenveo, Inc. (NYSE:CVO) debt fell 2% as a percentage of its face value during trading on Wednesday. The high-yield issue of debt has a 8.5% coupon and will mature on September 15, 2022. The debt is now trading at $37.00. Price moves in a company’s debt in credit markets sometimes anticipate parallel moves in its share price.
Shares of Cenveo, Inc. (NYSE:CVO) opened at 2.355 on Friday. Cenveo, Inc. has a 52 week low of $2.35 and a 52 week high of $8.50. The stock has a 50 day moving average of $3.56 and a 200-day moving average of $4.76. The firm’s market cap is $20.21 million.
In related news, Chairman Robert G. Sr Burton, Sr. bought 53,855 shares of the company’s stock in a transaction on Tuesday, August 15th. The stock was bought at an average cost of $3.70 per share, with a total value of $199,263.50. Following the completion of the purchase, the chairman now owns 834,597 shares in the company, valued at approximately $3,088,008.90. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Chairman Robert G. Sr Burton, Sr. bought 24,390 shares of the company’s stock in a transaction on Tuesday, August 29th. The stock was bought at an average cost of $4.10 per share, with a total value of $99,999.00. The disclosure for this purchase can be found here. Insiders acquired a total of 90,695 shares of company stock worth $349,165 over the last 90 days. Company insiders own 12.70% of the company’s stock.
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Cenveo Company Profile
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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