Insider Buying: Dreamland (NASDAQ:TDIC) CEO Acquires 652,000 Shares

Dreamland Limited (NASDAQ:TDIC) CEO Wai Yue Seto purchased 652,000 shares of the company’s stock in a transaction on Tuesday, July 7th. The stock was acquired at an average cost of $3.75 per share, for a total transaction of $2,445,000.00. Following the completion of the purchase, the chief executive officer owned 749,890 shares of the company’s stock, valued at approximately $2,812,087.50. This trade represents a 666.05% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Dreamland Stock Performance

Dreamland stock opened at $3.68 on Monday. Dreamland Limited has a 52-week low of $3.00 and a 52-week high of $987.50. The stock’s 50 day moving average price is $23.66 and its two-hundred day moving average price is $22.42.

Wall Street Analyst Weigh In

Several analysts have recently commented on TDIC shares. Wall Street Zen upgraded Dreamland to a “sell” rating in a research note on Saturday, June 13th. Weiss Ratings upgraded shares of Dreamland from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, June 3rd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.

About Dreamland

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.