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Benzinga
Benzinga
Business
Avi Kapoor

Why Data Storage Shares Are Trading Higher By 35%; Here Are 20 Stocks Moving Premarket

Data Storage Corporation Nasdaq
Display,Of,Stock,Market,Quotes

Shares of Data Storage Corporation (NASDAQ:DTST) rose sharply in pre-market trading after the company announced plans to sell its subsidiary, CloudFirst, and initiate a share buyback.

According to Chuck Piluso, CEO of Data Storage Corporation, “This agreement highlights the long-term value CloudFirst has created and reflects confidence in the future. While the transaction remains subject to shareholder approval, operations at CloudFirst remain unchanged, with no changes to structure or leadership.” 

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