Ekso Bionics Holdings, Inc. (EKSO) shares jumped 102.93%, closing at $11.08, up $5.62, after Applied Digital announced plans to spin out its cloud business, a move investors interpreted as potentially unlocking value for affiliates, including Ekso.
The stock rallied following news that Applied Digital is pursuing a separation of its cloud segment into a standalone business, with proposed strategic actions aimed at sharpening operational focus and capital allocation.
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