Big Tree Cloud (NASDAQ:DSY) volume spikes to 3.7x float before Nasdaq break
Big Tree Cloud Holdings Limited surged Thursday. The move looked less like a reaction to earnings or news and more like traders keying in on the share count.
Big Tree Cloud Stock Pulls Back After 291% Nasdaq Rally on Compliance News
Big Tree Cloud Holdings Limited surged 291.3% to $7.20 Wednesday, then slid 36.25% to $4.59 after the bell. Traders flagged the sharp move, which hit less than three weeks ahead of a Nasdaq compliance cutoff. There was no new earnings release or corporate news tied to the swing.
Big Tree Cloud Jumps After Nasdaq Deadline Makes DSY a Risky Volatility Play
Big Tree Cloud Holdings Limited shares surged Wednesday, putting DSY back on the radar for retail traders after finishing at $1.84 on Tuesday. By 10:50:50 a.m. EDT, Nasdaq-listed DSY was trading at $11.76, showing a 539.14% gain, with the session’s range between $6.53 and $19.90, according to Google Finance. Investors are watching closely because the rally comes right before a Nasdaq compliance deadline tied to market value. The day’s closing price has become critical.