DT Cloud Star Acquisition (NASDAQ:DTSQ) Trading Down 0.3% – Time to Sell?

Shares of DT Cloud Star Acquisition Corporation (NASDAQ:DTSQ) were down 0.3% during mid-day trading on Friday . The stock traded as low as $10.85 and last traded at $10.8650. Approximately 770 shares were traded during trading, a decline of 80% from the average daily volume of 3,878 shares. The stock had previously closed at $10.90.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d)” rating on shares of DT Cloud Star Acquisition in a research report on Friday, January 9th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, DT Cloud Star Acquisition has a consensus rating of “Sell”.

DT Cloud Star Acquisition Stock Down 0.3%

The business has a 50 day moving average of $10.83 and a 200-day moving average of $10.65.

Institutional Trading of DT Cloud Star Acquisition

A number of large investors have recently made changes to their positions in the stock. Crossingbridge Advisors LLC increased its position in DT Cloud Star Acquisition by 100.0% during the 4th quarter. Crossingbridge Advisors LLC now owns 50,000 shares of the company’s stock worth $538,000 after purchasing an additional 25,000 shares in the last quarter. Quarry LP acquired a new stake in shares of DT Cloud Star Acquisition during the 4th quarter worth about $748,000. Clear Street Group Inc. purchased a new stake in shares of DT Cloud Star Acquisition during the third quarter worth about $792,000. Wolverine Asset Management LLC purchased a new stake in shares of DT Cloud Star Acquisition during the fourth quarter worth about $1,511,000. Finally, Gabelli Funds LLC raised its position in shares of DT Cloud Star Acquisition by 100.0% in the second quarter. Gabelli Funds LLC now owns 168,000 shares of the company’s stock valued at $1,744,000 after buying an additional 84,000 shares during the last quarter.

About DT Cloud Star Acquisition

DT Cloud Star Acquisition Corporation focuses on effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or similar business combination with one or more businesses or entities. The company was incorporated in 2022 and is based in Brooklyn, New York.