Key Points
- CEO Wai Yue Seto bought 652,000 shares of Dreamland Limited at an average price of $3.75 per share, spending about $2.45 million. After the transaction, the CEO’s stake increased to 749,890 shares.
- TDIC shares rose 5.4% and opened at $3.88, but the stock remains far below its recent moving averages. The 50-day average is $23.12 and the 200-day average is $22.26.
- Analysts remain bearish on Dreamland, with MarketBeat showing an average rating of “Sell.” Recent updates from Weiss Ratings and Wall Street Zen also kept the stock at sell-oriented ratings.
Dreamland Limited (NASDAQ:TDIC - Get Free Report) CEO Wai Yue Seto purchased 652,000 shares of the business's stock in a transaction on Tuesday, July 7th. The stock was purchased at an average cost of $3.75 per share, with a total value of $2,445,000.00. Following the acquisition, the chief executive officer owned 749,890 shares in the company, valued at approximately $2,812,087.50. This represents a 666.05% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Dreamland Trading Up 5.4%
Shares of TDIC stock opened at $3.88 on Tuesday. The stock has a 50 day moving average of $23.12 and a two-hundred day moving average of $22.26. Dreamland Limited has a 12 month low of $3.00 and a 12 month high of $987.50.
Analyst Upgrades and Downgrades
Several research analysts recently commented on TDIC shares. Weiss Ratings raised Dreamland from a "sell (e+)" rating to a "sell (d-)" rating in a research report on Wednesday, June 3rd. Wall Street Zen raised shares of Dreamland to a "sell" rating in a report on Saturday, June 13th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of "Sell".
Check Out Our Latest Stock Analysis on TDIC
About Dreamland
(
Get Free Report)
We are an event management service provider based in Hong Kong with over eight years of experience in managing the entire or part of the event lifecycle for our customers. Events encompass a range of public and private events, from trade shows, conferences, concerts, exhibitions, charity galas, brand promotion events to internal corporate events. For enterprises, events offer a highly effective way to maximize their engagement with customers, helping enterprises to generate and qualify leads, deepen relationships with customers and build brand loyalty and advocacy, such as promotion of a brand by satisfied customers through customers sharing positive experiences on social media, providing referrals to friends and family, or simply telling others about the brand.
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