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Benzinga
Benzinga
Business
Mohd Haider

Data Storage Corp Stock Skyrockets 46% After Hours Amid CloudFirst Deal Buzz

DTST
A,Detailed,Stock,Market,Data,Display,With,Upward,Trending,Arrows

Data Storage Corp (NASDAQ:DTST) stock experienced a surge of 46.45% in after-hours trading on Tuesday. The company’s stock price soared to $4.95.

What Happened: The surge in the stock price came after the company announced plans to sell its subsidiary, CloudFirst, and initiate a share buyback. The stock value of cloud and business continuity solutions provider jumped from $3.38 to $4.95 in after-hours trading, representing a 46.45% increase.

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