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Big Tree Cloud Holdings Limited (NASDAQ:DSY) shares are trading higher Monday following the completion of the company’s business combination with Plutonian Acquisition Corp. and amid continued volatility following its Nasdaq debut last week.
The Details:
Big Tree Cloud shares are moving on heavy trading volume Monday with more than 42 million shares already traded in the session, according to data from Benzinga Pro. Founded in 2020, Big Tree Cloud focuses on the development, production, and sales of personal care products and other consumer goods in China.
"We have achieved solid progress since our inception in 2020, and we are excited about the growth opportunities for enhancing personal and hygienic care for families in China and globally. Our Nasdaq listing will expedite our mission to provide premium personal care products and diversify our product portfolio," said Mr. Wenquan Zhu, CEO of Big Tree Cloud.
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By now you're likely curious about how to participate in the market for Big Tree Cloud Holdings – be it to purchase shares, or even attempt to bet against the company.
Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy ‘fractional shares,' which allows you to own portions of stock without buying an entire share. For example, some stock, like Berkshire Hathaway, or Amazon.com, can cost thousands of dollars to own just one share. However, if you only want to invest a fraction of that, brokerages will allow you to do so.
If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to ‘go short' a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.
DSY Price Action: According to Benzinga Pro, Big Tree Cloud Holdings shares are up 120% at $4.20 at the time of publication Monday.
Image: Gerd Altmann from Pixabay
Posted In: DSY
