Buy the rumor, sell the news on DWAC stock after Truth Social deal approved.

by

The price of shares in Digital World Acquisition Corp.
closed trading Friday nearly 14% lower than their opening price after the shell company’s shareholders approved a merger with the social media company owned by former President Donald Trump.

DWAC had opened the trading day at $44.20 per share, but quickly tumbled on the heels of the vote.

By the market close, DWAC shares were selling for $36.94 per share, a drop of $5.87, or 13.71%

The newly merged company, Trump Media, could begin trading under the new ticker DJT next week.

https://www.cnbc.com/2024/03/22/trump-social-dwac-stock-falls-after-merger-approved.html

Uh-oh! It looks like you're using an ad blocker.

Our website relies on ads and the generous support of readers like you to keep delivering free, high-quality content. Right now, we are facing serious funding challenges and we need your help more than ever. Disable your ad blocker and this message will vanish. You can also sign up for a membership to enjoy an ad-free experience while supporting our work: https://citizenwatchreport.com/plans/subscriptions/ Your support helps us stay independent, continue our work, and keep content free for everyone. We truly appreciate your understanding and thank you for standing with us.