However, at the end of the day, my cautious outlook for DWAC stock has nothing to do with TRUTH Social. Yes, the project is linked to Donald Trump. That will be a polarizing fact for many people. However, as John Adams famously quipped, facts are stubborn things. The former president i...
Digital World stock has held onto a large amount of its recent gains. But just like howAMCandGMEappear set to one day tank, expect the same with this meme play. Worse yet, it may happen much sooner than with either of the meme stock legends. Apossible renegotiation of the deal termscou...
"DJT has all the makings of a meme stock, given the Trump news factor," noted Ben Emons, senior portfolio manager and head of fixed income at NewEdge Wealth, in a Tuesday research note. "For global macro investors, DJT will be a proxy for how markets price Trump 2.0 policies." Trump...
Get the latest Digital World Acquisition Corp. (DWAC) stock price, news, buy or sell recommendation, and investing advice from Wall Street professionals.
DWAC’s value soared north of $10 billion, and this morning, stocks are still selling for almost $100 a share. As a regular feature of meme stocks, much of it is the work of traders who don’t necessarily believe in viability of the company they’re investing in: Onetold Reuters, he...
"For global macro investors, DJT will be a proxy for how markets price Trump 2.0 policies." Trump Media is now the most expensive stock to short in the U.S., according to Bloomberg News. Short-selling, which involves betting that a specific stock will decline, is pricey for Trump's ...
As it stands now,page 5 of the slide deck presentationshows that there could be 193.4 million shares outstanding. This is after the full earnout shares are included. So if we multiply today’s price of $82.88 by 193.4 million shares, the pro forma valuation is $16.03 billion. ...
So far, again seen from its strong stock price performance, the market hasn’t worried too much about this investigation. But as aSeeking Alphacommentator argued last month, there may be enough evidence to show that this SPAC was created for the sole purpose of taking Trump’s venture public...
The shares initially performed well, increasing from its IPO price of $14 to a high of $35 a share soon after. But the stock plunged over the next few years, eventually trading for pennies, according to the Washington Post. Trump Hotels & Casino Resorts filed for Chapter 11 bankruptcy in...