Its blank-check partner, Digital World Acquisition Corp. (NASDAQ: DWAC), is down again today after this morning brought more bad news. Two of the platform’s top executives have resigned from their positions. The news has sent DWAC stock into a downward spiral as investors question the stability of the Trump Media & Technology Group (TMTG).
Full Answer
Why is digital world (DWAC) stock down today?
1 day ago · Why It Matters for DWAC Stock Kerrisdale Capital’s short reports have sent unstable stocks down before. In October 2021, the firm published a report that sent Camber Energy (NYSEMKT: CEI) plunging....
Why is DWAC stock falling so fast?
13 hours ago · The hedge fund Kerrisdale Capital Management took to Twitter yesterday to announce that the fund is shorting DWAC. Kerrisdale's main thesis is that DWAC will not receive regulatory approval from...
Is DWAC’s company-specific problems more concerned than it should be?
Mar 31, 2022 · While that didn’t directly push DWAC stock down, it didn’t spark any new enthusiasm among investors. Today, shares have continued plunging. At the time of writing, they are declining almost 2.5%....
Is DWAC’s valuation overblown?
Apr 18, 2022 · Elon Musk’s social media ambitions are pushing Digital World Acquisition Corp. (NASDAQ: DWAC) down today. The blank check partner of the Trump Media & Technology Group has faced an increasingly...
Why did DWAC stock go down?
What's it all mean for DWAC stock? Shares suffered a punishing decline on Monday on the combination of the Musk/Twitter news and reports that several Truth Social employees are leaving the company.Apr 5, 2022
Is DWAC a good stock to buy?
DWAC Stock No Ordinary SPAC Speculative stocks in general have been getting punished as the Federal Reserve dials back its accommodative policies. But DWAC has been outperforming other SPACs by quite a margin. In fact, it is the best performing SPAC stock ever, according to SPAC Research.2 days ago
Can I buy DWAC stock?
(DWAC) is an ETF listed on the NASDAQ exchange, which means you can buy the stock from most brokers.
Who is DWAC stock?
$ 47.59CloseChgChg %$47.60-1.80-3.64%
What is the future for Dwac stock?
April 20th, DWAC Stock Forecast: In the next trading session, DWAC is predicted to trade between $45 and $49. The Current Trading Outlook is Positive (Positive: 67%, Negative: 33%)....DWAC Stock Prediction: Crowd Sentiment.DWAC stock news todayDWAC StocktwitsDWAC on TradingViewDWAC Reddit
Why did Dwac go up?
Trump SPAC Digital World Acquisition Corp. stock rises after social media app sets target launch date. Shares of the company connected to a planned social media app backed by former President Donald Trump rose sharply after news that the app has set a target launch date of Feb. 21.Jan 6, 2022
What will DWAC do?
Digital World Acquisition Corp is a special purpose acquisition company (SPAC) who itself has no business operations and whose purpose is to raise capital that can be acquired by another entity through a merger.Feb 24, 2022
What happens to DWAC stock after merger?
Upon a successful merger completion, DWAC shareholders will become shareholders in the public company TMTG. All of the trading in DWAC shares is based on speculation regarding the timing of the closing of the merger.
How do you trade DWAC?
How To Buy DWAC Stock: 7 StepsUnderstand DWAC's Financial History. ... Assess DWAC's Financial Reports. ... Evaluate Additional Data Surrounding DWAC. ... Select a Brokerage. ... Choose an Investment Size and Strategy. ... Choose an Order Type. ... Submit the Trade.Feb 24, 2022
Can DWAC stock be shorted?
Unless investors currently own or are shorting DWAC stock, now is a risky time to buy and an expensive time to short. For those who currently own the stock, it may be wise to sell before the merger, and shares could be bought again post-VWAP period.Jan 21, 2022
How many shares of DWAC are outstanding?
Share StatisticsAvg Vol (3 month) 36MShares Outstanding 530.03MImplied Shares Outstanding 6N/AFloat 8N/A% Held by Insiders 10.00%7 more rows
What is the float on DWAC?
Range: 2022-04-18 09:23:42 to 2022-04-18 20:05:17. The chart has 1 Y axis displaying values. Range: 46 to 52....Digital World Acquisition Corp. Cl A.Volume5.31MShort Interest3.73M (03/31/22)Short Interest Change3.73MPercent of Float12.92%8 more rows