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Dave & Buster's gains after new CEO buy shares

Jul. 13, 2022 3:33 PM ETDave & Buster's Entertainment, Inc. (PLAY)By: Clark Schultz, SA News Editor

Financial stock market graph. Selective focus.

Diego Thomazini

Dave & Buster's Entertainment (NASDAQ:PLAY) traded higher on Wednesday after the company disclosed that CEO Christopher Morris bought shares.

Morris snapped up 34,400 shares in a series of trades that ranged in price from $29.71 to $31.09. The exec holds a total of 48,206 shares are the new transactions.

Morris joined Dave & Buster’s on June 29 as CEO and a board member.

Insiders and individuals hold only 2.48% of the total PLAY shares outstanding.

Dave & Buster's (PLAY) pushed up 1.85% in late trading to $31.58 vs. the 52-week trading range of $29.60 to $52.54.

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