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0.0173869329311631 0.0350685596408203 0.0973009516875553 0.0886334876141939 0.0763256886300207 -0.0638965451488203 0.00109210047324361 -0.0117357463553313
Stock impact report

Seven Stars Cloud shares soar after company takes large stake in blockchain-based ATS [MarketWatch]

SEVEN STARS CLOUD GROUP (SSC) 
US:NYSE Investor Relations: sevenstarscloud.com
Company Research Source: MarketWatch
Seven Stars Cloud shares soar after company takes large stake in blockchain-based ATS Shares of Seven Stars Cloud Group Inc. SSC, +48.72% ran up 51% in active morning trade Wednesday, after the Beijing-based video-on-demand service company said it took a 27% stake in The Delaware Board of Trade Holdings Inc. (DBOT), a blockchain-based alternative trading system. Seven Stars said the purchase of the stake was made with 1,627,869 shares of its common stock, which based no Tuesday's closing price of $4.33 was worth about $7.05 million. Seven Stars will become the largest shareholder of DBOT, which the company said is the only blockchain-based ATS that is fully licensed by the Securities and Exchange Commission. Seven Stars' stock has rocketed nearly 5-fold year to date, while the S&P 500 SPX, +0.01% has gained 20%. Show less Read more
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