GDS Stock Soars 8% Wednesday After A 31% Monthlong Slide
The China data-center operator was on pace for its biggest daily gain since July 30, but remained 51% below its 52-week high.
GDS Holdings, which operates data centers in China, soared 8.0% to $23.12 in Wednesday trading, as of 12:01 PM ET, adding $343 million in market value. The rebound came after shares lost 31% over the previous month through Tuesday's close.
A Rebound Below The High
GDS was on pace Wednesday for its largest one-day advance since July 30. The catalyst was not immediately clear.
The company’s market value stood at about $4.6 billion Wednesday. Even with the gain, the shares remained 51% below their 52-week high.
GDS Trails The S&P 500
GDS entered Wednesday down 39% for the year through Tuesday's close. The S&P 500 had gained 10% over that same period.
The data-center operator serves cloud providers, internet businesses and financial institutions, according to its company release. Its next third-quarter results are scheduled for November 25.
GDS plans to report after Hong Kong trading closes and before the U.S. market opens on November 25.
Sources
- Mapletree Logistics unit to sell Shanghai property to Temasek associate for S$64 mil — The Edge Malaysia
- MN Holdings wins RM23 mil substation engineering contract — The Edge Malaysia
- GDS to Report Third Quarter 2026 Financial Results Before the Open of the U.S. Market on November 25, 2026 — GlobeNewswire Inc.
