$Treasure Global (TGL.US)$ lock-up period is set to expire on Tuesday, February 7th. Treasure Global had issued 2,000,000 shares in its public offering on August 11th. The total size of the offering was $8,000,000 based on an initial share price of $4.00. After the expiration of the company's lock-up period, major shareholders and company insiders will be able to sell their shares of the company.
Treasure Global Price Performance
Shares of NASDAQ TGL opened at $1.73 on Tuesday. Treasure Global has a fifty-two week low of $1.51 and a fifty-two week high of $19.80. The firm has a 50-day moving average of $1.84.
Treasure Global (NASDAQ:TGL – Get Rating) last issued its earnings results on Tuesday, December 20th. The company reported ($0.26) earnings per share (EPS) for the quarter. The company had revenue of $15.56 million for the quarter.
Insiders Place Their Bets
In other Treasure Global news, Director Voon Him Hoo sold 1,702,899 shares of the firm's stock in a transaction that occurred on Tuesday, January 3rd. The shares were sold at an average price of $1,046,430.78, for a total transaction of $1,781,965,928,831.22. The sale was disclosed in a filing with the Securities & Exchange Commission. Company insiders own 26.30% of the company's stock.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in Treasure Global stock. Marshall Wace LLP bought a new position in shares of Treasure Global Inc. (NASDAQ:TGL – Get Rating) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 33,486 shares of the company's stock, valued at approximately $68,000. Marshall Wace LLP owned 0.20% of Treasure Global at the end of the most recent quarter. Institutional investors and hedge funds own 0.69% of the company's stock.
About Treasure Global
Treasure Global Inc designs and develops a Malaysian e-commerce platform that helps subscribers to connect with local merchants by offer activities, travel, goods, services and rewards. The company offers z-city, a cross profit-sharing platform that allows business owners to promote their product, increase their network, and reap the profits and rewards.
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