Director Michael W Malafronte bought 36,036 shares at blended average $100.88 for $3.6M on 2026-03-10/11 at newly-listed CVSA.
Michael W Malafronte, a director at Covista Inc., made 3 separate purchases totaling 36,036 shares for $3,635,413.74 across two days immediately following the company's recent listing (13 trading days old as of filing). The purchases at $100.86–$100.94 represent accumulation just 3 cents below the current price of $103.84, moving his position from a net short of 10,641 shares to a net long of 25,395 shares. Given CVSA's strong recent fundamentals—revenue of $503,385,000.00, net income of $76,376,000.00, and P/E of 14.15—this substantial director purchase in the early trading window of a newly listed security merits investor attention as a potential signal of insider confidence in the valuation during the initial price-discovery phase.