Trump Media climbs 16% to US$7.9B post-SPAC deal valuation [BNN Bloomberg (Canada)]
Digital World Acquisition Corp. - Units (DWACU)
Company Research
Source: BNN Bloomberg
Shares of Trump Media & Technology Group Corp. rose as much as 59 per cent before paring gains, closing at US$57.99 each on Tuesday. The trading after the closing of the merger with Digital World Acquisition Corp. values the unprofitable company at $7.9 billion, capping an eye-popping meme stock run, and providing a potential windfall for Trump as he faces a mounting series of legal and financial woes. Trump's nearly 60 per cent stake in the unprofitable company behind Truth Social may ultimately be worth more than $6 billion, based on its filings with the U.S. Securities and Exchange Commission. However, he can't sell the stake immediately due to a six-month lock-up agreement, hindering his ability to monetize the shares and ease his present cash crunch. As much as $1.6 billion of that paper wealth is also dependent on shares meeting performance requirements. The company's post-merger performance on the Nasdaq under the symbol DJT will test Trump's ability to capture the attenti
Show less
Read more
Impact Snapshot
Event Time:
DWACU
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
DWACU alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
DWACU alerts
High impacting Digital World Acquisition Corp. - Units news events
Weekly update
A roundup of the hottest topics
DWACU
News
- Biden's attempt to mimic Trump's namecalling backfires after 'Broke Don's' stock soars [FOX Business Network]FOX Business Network
- How DJT Stock Might Become an ETF Holding [Yahoo! Finance]Yahoo! Finance
- Trump Media stock soars 59% after Truth Social parent adopts 'DJT' ticker symbol [Yahoo! Finance]Yahoo! Finance
- Why Rumble Stock Skyrocketed Today [Yahoo! Finance]Yahoo! Finance
- Truth Social Is on Fire, But Will the Hot Streak Last? [Yahoo! Finance]Yahoo! Finance