Trump-Linked Digital World Stock Is Rising Monday: What's Going On?
Portfolio Pulse from Adam Eckert
Digital World Acquisition Corp (NASDAQ:DWAC) shares rose after shareholders approved its merger with Trump Media & Technology Group Corp. The merger's approval was announced after market close on Friday, with a significant majority in favor. Post-merger, Trump Media & Technology Group Corp will trade on Nasdaq under the symbols 'DJT' and 'DJTWW'. DWAC's stock was up 8.69% at $40.13 at the time of publication.
March 25, 2024 | 4:05 pm
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Digital World Acquisition Corp's stock rose following shareholder approval of its merger with Trump Media & Technology Group Corp, indicating strong investor support.
The approval of the merger by shareholders and the subsequent rise in DWAC's stock price reflect positive investor sentiment towards the merger's potential to create value. The anticipation of the new trading symbols 'DJT' and 'DJTWW' for the merged entity on Nasdaq also contributes to the optimism. The stock's performance, as indicated by the 8.69% rise to $40.13, suggests a bullish outlook in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100