Star Fashion Culture (NASDAQ:STFS) CFO Pingting Zhang Buys 2,000,000 Shares of Stock

Star Fashion Culture Holdings Limited (NASDAQ:STFS) CFO Pingting Zhang purchased 2,000,000 shares of the business’s stock in a transaction on Wednesday, July 22nd. The shares were bought at an average cost of $1.30 per share, with a total value of $2,600,000.00. Following the acquisition, the chief financial officer directly owned 2,032,500 shares of the company’s stock, valued at $2,642,250. This trade represents a 6,153.85% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Star Fashion Culture Stock Up 19.4%

NASDAQ STFS opened at $3.63 on Wednesday. The stock’s 50-day moving average price is $10.42 and its 200-day moving average price is $6.72. Star Fashion Culture Holdings Limited has a 52 week low of $0.80 and a 52 week high of $104.00.

Star Fashion Culture (NASDAQ:STFS) last released its earnings results on Friday, May 29th. The company reported ($0.01) EPS for the quarter. The business had revenue of $6.36 million for the quarter.

Wall Street Analysts Forecast Growth

STFS has been the topic of several recent analyst reports. Weiss Ratings upgraded shares of Star Fashion Culture from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, May 7th. Wall Street Zen upgraded Star Fashion Culture to a “hold” rating in a research note on Saturday, July 4th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Star Fashion Culture currently has a consensus rating of “Sell”.

About Star Fashion Culture

Star Fashion Culture Holdings Limited provides content marketing solutions services in the People’s Republic of China. It offers marketing campaign planning and execution services; offline advertising services; and online precision marketing services. The company was founded in 2015 and is based in Xiamen, the People’s Republic of China. Star Fashion Culture Holdings Limited operates as a subsidiary of Xingji ZhangPingting Limited.