Datasea (NASDAQ:DTSS) stock is on the rise Wednesday and we’ve got a breakdown of the news affecting shares today.
Let’s take a look at what has DTSS stock on the move today below.
- First off, Datasea is a tech company based out of China.
- The company’s focus is on “smart security solutions, smart hardware and developing education-related technologies.”
- Today’s big news has to do with Shuhai Zhangxun Information Technology, its wholly-owned subsidiary.
- Shuhai Zhangxun entered into six purchase and distribution agreements today.
- This has it providing 5G Message-marketing Cloud Platform Version 3.0, as well as further enhanced product availability nationwide in China.
- That will see the company adding new district partners.
- The companies that it signed the deals with are based out of Nei Mongol, Anhui, Chongqing, and Zhejiang.
- This will have these companies paying Datasea to provide them with the messaging services.
- That’s good news for DTSS stock as the company expects the deals to have a total value of $136,940.
- It’s also already received $75,796 from the deals.
- The extra attention of DTSS stock today has it seeing incredibly heavy trading.
- As of this writing, more than 74 million shares of the stock have changed hands.
- That’s a massive jump compared to the company’s daily average trading volume of about 879,000 shares.
DTSS stock was up 42.3% as of Wednesday afternoon and is up 106.4% since the start of the year.
There’s other stock market news investors will want to check in on today.
Luckily for them, InvestorPlace has it ready to go. That includes the latest news concerning Camber Energy (NYSEAMERICAN:CEI), Jiuzi (NASDAQ:JZXN), and Oatly (NASDAQ:OTLY). All of that is available at the links below!
More Stock Market News for Wednesday
- CEI Stock: Why Camber Energy Shares Are Shooting Higher Today
- JZXN Stock: What Has Jiuzi Investors All Charged Up About the EV Play Today
- OTLY Stock: The Activist Short Seller Accusations Sending Oatly Shares Lower
On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
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