Director Wayne M Rancourt bought 15,000 shares of CVGI at $2.58; 2 other insiders bought within 14 days (cluster pattern).
Rancourt purchased 15,000 shares at $2.58 on 2024-11-08, increasing his holdings from 142,783 shares to 157,783 shares (+10.5%). This transaction occurs as part of a cluster buy pattern with 2 other insiders also buying within the past 14 days, suggesting coordinated interest at current price levels. The stock is trading at $2.49 current price, down 65.5% from its 52-week high of $7.21 and down 23.6% over the past 30 days, placing the buy near a depressed valuation window. With the company reporting $171.8M in quarterly revenue, $9.5M in net income, and trading at a P/E of 2.52 against a market cap of $85.9M, the transaction reflects accumulated position-building among multiple insiders during a period of significant price weakness.