TDH Holdings Inc (NASDAQ:PETZ) shares surged 38.26% in after-hours trading Monday after a regulatory filing showed CEO and Chair Liu Dandan purchased nearly 3 million shares of the company.
The stock closed Monday’s regular session down 3.34% at $1.15. It then climbed 38.26% to $1.59 in after-hours trading.
CEO Acquires Nearly 3M Shares
Dandan Liu, TDH Holdings’ Chair and CEO, purchased 2,969,692 common shares on Aug. 27 for an aggregate purchase price of $3.56 million. The transaction was disclosed in a Schedule 13D/A filed Monday.
Following the purchase, Liu beneficially owns 5,069,389 common shares, representing 49.11% of TDH Holdings’ outstanding shares. She has sole voting and dispositive power over the shares.
The filing states that Liu acquired the shares for investment purposes and will continue evaluating the company’s financial condition and prospects. She also reserved the right to increase her holdings or dispose of some or all of the securities she owns.
Commercial Real Estate Management Business
TDH Holdings engages in commercial real estate management in the United States and China. The company also provides property management services, including tenant coordination, maintenance oversight and related services.
The company was founded in 2002 and is based in Beijing, China.
Price Action
TDH Holdings has a market capitalization of approximately $11.87 million, with a 52-week high of $1.82 and a 52-week low of $0.81.
PETZ shares are up 11.65% over the past year.
Benzinga’s Edge Stock Rankings indicate that PETZ stock has a negative short-term price trend and positive medium- and long-term price trends.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Iftekhar Emon on Shutterstock.com
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