Stock Market Today, May 13: VNET Surges After CATL-Linked Buyers Agree to 38% Stake Purchase
2026-05-13 18:05:57 ET
Vnet Group (NASDAQ:VNET) , a provider of data center hosting and related services in China, closed Wednesday at $11.28, up 25.06%. The stock surged after news of a strategic share purchase agreement with PJ Millennium–affiliated investors linked to Contemporary Amperex Technology. Investors will be watching how the new 38.1% stake shapes governance and AI data center expansion plans.
The company’s trading volume reached 63.9 million shares, which is about 754% above compared with its three-month average of 7.5 million shares. Vnet Group went public in 2011 and has fallen 40% since its IPO.
The S&P 500 (SNPINDEX:^GSPC) added 0.59% to finish Wednesday at 7,444.25, while the Nasdaq Composite (NASDAQINDEX:^IXIC) rose 1.20% to close at 26,402. Within information technology services, industry peer GDS Holdings (NASDAQ:GDS) closed at $45.7, up 6.90%, while Donaldson (NYSE:DCI) ended at $83.93, down 1.08%, underscoring mixed sentiment across sector rivals.
NASDAQ: VNET
VNET Trading
28.49% G/L:
$11.545 Last:
52,365,084 Volume:
$11.05 Open:
