What's Going On With Trump-Linked Digital World Acquisition Stock?
Portfolio Pulse from Erica Kollmann
Digital World Acquisition Corp. (NASDAQ:DWAC) shares rose after Trump's legal team filed a brief with the U.S. Supreme Court seeking 'ultimate immunity' for him. The company, expected to take Trump's social media company public, has seen its stock price influenced by Trump's legal issues. Despite a recent drop due to a bond issue in a fraud case, DWAC shares have gained 206.02% year to date, outperforming historical averages. The stock's current RSI is 30.01, indicating neutral conditions.
March 20, 2024 | 4:15 pm
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Digital World Acquisition Corp. shares increased following a legal brief filed by Trump's team, amidst ongoing legal challenges affecting its stock price.
The filing for 'ultimate immunity' by Trump's legal team has positively influenced DWAC's stock, as the company is closely linked to Trump's ventures. Despite recent legal challenges affecting its price, the stock has shown significant year-to-date gains, indicating strong investor interest. The current RSI suggests the stock is neither overbought nor oversold, maintaining a neutral stance in the market.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100