DT Cloud Star Acquisition (NASDAQ:DTSQU) Shares Climb 0.2% – Still a Buy?

DT Cloud Star Acquisition Corp (NASDAQ:DTSQU – Get Free Report)’s stock price rose 0.2% on Wednesday. The stock traded as high as $12.15 and last traded at $11.91. 1,005 shares were traded during mid-day trading, a decline of 60% from the average session volume of 2,506 shares. The stock had previously closed at $11.89.

DT Cloud Star Acquisition Trading Up 2.4%

The company has a fifty day simple moving average of $11.67 and a 200-day simple moving average of $11.51.

DT Cloud Star Acquisition Company Profile

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DT Cloud Star Acquisition Corporation (NASDAQ: DTSQU) is a special purpose acquisition company, or SPAC. The company was formed to raise capital through an initial public offering and place the proceeds in a trust account while it searches for a target business.

Rather than operating a conventional business or selling products and services, DT Cloud Star Acquisition Corporation’s primary objective is to complete a merger, share exchange, asset acquisition, reorganization, or similar business combination with one or more companies.

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