Why GDS Holdings Stock Zoomed 10% Higher on Monday
GDS(GDS) The Motley Fool·2024-08-21 03:39
The company received a bullish pre-earnings lift from a pundit.A significant price-target raise from an analyst led to significant gains for GDS Holdings' (GDS -4.30%) U.S. listed stock on Monday. The Chinese data center company saw its American depositary shares (ADS) rise by an even 10% on the day as a result. That percentage was nearly 10 times the gain of the S&P 500 index, which closed just short of 1% higher.A massive liftWell before market open that day, Jefferies prognosticator Edison Lee made quite ...