Donald Trump Pleads Not Guilty, Calls Federal Charges Related To Classified Documents A 'Witch Hunt'
Portfolio Pulse from Chris Katje
Former President Donald Trump pleaded not guilty to 37 federal charges related to mishandling classified documents. Trump faces potential fines of $9.25 million and up to 400 years in prison. Shares of Digital World Acquisition (NASDAQ:DWAC) are up 2% to $13.07, and Trump's speech will be streamed live on Rumble (NASDAQ:RMBL).
June 13, 2023 | 7:23 pm
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POSITIVE IMPACT
Shares of Digital World Acquisition (NASDAQ:DWAC) are up 2% to $13.07 amid Trump's not guilty plea to federal charges.
The not guilty plea and the ongoing legal case involving Trump may generate increased interest in Trump-related assets, such as DWAC. This could lead to a short-term increase in DWAC's stock price.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Trump's speech will be streamed live on Rumble (NASDAQ:RMBL), potentially increasing the platform's visibility and user engagement.
As Trump's speech will be streamed live on Rumble, it may attract more users to the platform and increase engagement, which could have a positive short-term impact on RMBL's stock price.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 70