DT Cloud Star Acquisition Corporation – Right (NASDAQ:DTSQR) Stock Price Up 17.7% – Still a Buy?

Shares of DT Cloud Star Acquisition Corporation – Right (NASDAQ:DTSQR) traded up 17.7% during mid-day trading on Monday . The stock traded as high as $0.2126 and last traded at $0.2001. 24,086 shares changed hands during mid-day trading, an increase of 50% from the average session volume of 16,040 shares. The stock had previously closed at $0.17.

DT Cloud Star Acquisition Corporation – Right Stock Performance

The firm’s 50-day simple moving average is $0.17 and its 200 day simple moving average is $0.16.

DT Cloud Star Acquisition Corporation – Right (NASDAQ: DTSQR) represents the rights issued in connection with the units sold by DT Cloud Star Acquisition Corporation, a special purpose acquisition company incorporated in Delaware. Each right entitles its holder to receive one-tenth of a share of the issuer’s Class A common stock upon the closing of a qualifying business combination. These rights trade separately from the company’s common stock and warrants.

DT Cloud Star Acquisition Corporation is a blank-check vehicle formed to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or other similar business combination with one or more businesses.