Home PoliticsAmerica The Market Loves President Trump’s (45) ‘TRUTH’…

The Market Loves President Trump’s (45) ‘TRUTH’…

by Paul Ebeling

#Trump #TRUTH #market #stock

$DWAC

“… so do The People” — Paul Ebeling

Shares of the blank-check acquisition company that plans to publicly list President Trump’s (45) new social media venture soared again Friday, with trading halted multiple times due to volatility.

Digital World Acquisition (NASDAQ:DWAC) stock was last seen at 93.02 or +48 (107%) after earlier marking a high of 175 earlier in the session.

The SPAC Digital World rose more than 300% Thursday, giving it a market capitalization of almost $1.5-B on news it would merge with Trump’s media company to create a social media app called TRUTH Social.

Fidelity’s data showed Digital World was the most traded stock on its platform on Thursday.

It was also the most discussed stock on trading-focused social media site Stocktwits, a platform commonly seen as a measure of interest from retail investors. Message volumes on Stocktwits related to the SPAC were up more than 9,000%.

The stock traded more than 77-M shares by Friday Noon surpassing the free trade float of 22.8-M/shares

Have a prosperous weekend, Keep the Faith!

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