Why DatChat Stock (DATS) Is Trading 30% Higher Tuesday

DatChat Inc DATS shares are trading higher by some 34% to $0.48 Tuesday morning after the company announced a $2 million stock repurchase plan.

The comapny's board has approved EF Hutton to be engaged as the broker to implement the repurchase plan.

"We believe repurchasing our common stock is an attractive use of capital, given recent market prices," stated Darin Myman, Chief Executive Officer of the company.

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According to data from Benzinga Pro, DATS has a 52-week high of $4.14 and a 52-week low of $0.14.