Posted on 01/22/2024 9:13:31 AM PST by Presbyterian Reporter
DWAC, which is buying Trump Media, has seen sizable momentum alongside recent GOP primary developments
Former President Donald Trump's continued momentum during primary season has translated to a sizable recent boost for the special-purpose acquisition company that's planning to buy the media company that runs his Truth Social platform.
Shares of Digital World Acquisition Co. (DWAC) were up more than 25% in Monday morning activity, putting them on track to extend their win streak to a sixth session. The stock is on pace to rise 96% over the six-session run if current gains carry through to the close.
DWAC's stock was also on track for its longest winning streak since the six-day period ending March 4, 2022.
DWAC's Monday rally comes after Ron DeSantis, once thought of as the most formidable Republican Party challenger to Trump, dropped out of the primary race over the weekend and threw his support behind the former president.
Shares also enjoyed a notable bump Jan. 16, rising 29% after Trump took home the Iowa caucus. The New Hampshire primary will take place Tuesday.
Read: Haley tries to turn the tide, as Trump cruises toward the 2024 nomination
(Excerpt) Read more at marketwatch.com ...
“To the moon!”, as the kids say.
There are some accounts on Twitter/X dedicated to re-posting Trump's content there.
love it! This thing is on fire today. Thank you Jesus
Thanks for posting.
Yes, It’s finally back up to where I can sell mine without losing money.
Bookmark
Riggghhht. Sell now and move on libby
Up nearly 80% at 2:05 CST.
this action is AWESOME. Tomorrow he wins NH. In theory the entire primary is over then and therefore, he’s secured the nomination. We get a ‘effect’ notice from the SEC that the merger is approved. Vote goes out to shareholders for merger approval. merger happens in March sometime probably.
Low float will cause this thing to continue to climb rapidly
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