Martinrea International (MRE) has notable insider buying

Martinrea International (T:MRE)

Martinrea International Inc. (MRE) has a high amount of executive buying compared to its mid-cap peers over the past three months.Michael Allen Leal, a Senior Officer, acquired 8,849 Common Shares on a direct ownership basis at prices ranging from US$8.140 and US$8.320 through the public market between December 29th, 2022 and December 30th, 2022. This represents a $98,503 investment into the company's shares and an account share holdings change of 43.7%.

Martinrea International Inc. is a Canada-based diversified and global automotive supplier. The Company focuses on the development and production of metal parts, assemblies and modules, fluid management systems, and complex aluminum products focused primarily on the automotive sector. The Company is engaged in the design, development, and manufacturing of highly engineered, value-added lightweight structures and propulsion systems. The Company's offerings include a wide array of products, assemblies, and systems for small and large cars, crossovers, pickups, and sport utility vehicles. The Company's operations are segmented on a geographic basis between North America, Europe, and the Rest of the World. The Company's solutions include lightweight structures, propulsion systems, flexible manufacturing, and graphene technology. The Company operates in approximately 57 locations in Canada, the United States, Mexico, Brazil, Germany, Slovakia, Spain, China, South Africa, and Japan.