Director Nauman J Michael purchased 25,000 shares of CVGI across 3 transactions for $60,302.10 (blended $2.41), raising stake 41.1%.
Director Nauman J Michael executed three separate purchases totaling 25,000 shares for $60,302.10 over three consecutive trading days (2024-12-02 through 2024-12-04), at prices ranging from $2.37 to $2.42. This represents a substantial 41.1% increase in his holdings from 60,835 to 85,835 shares. The purchases occur at a time when CVGI trades at $2.30, down 68.1% from its 52-week high of $7.21 and down 25.3% over the prior 30 days. The company shows modest fundamentals with P/E of 2.32 and annual revenue growth of only 1.3%, though it maintains profitability with $9.5M net income on $171.8M quarterly revenue. Prior trading at CVGI is limited (one prior buy on 2024-11-08), making this a relatively new accumulation pattern for this specific ticker rather than part of an established track record at this company.