Digital World Acq stock (DWAC) is down 1% today: here is where to buy the dip
Digital World Acq stock (DWAC) has dropped after news of a delayed app launch.
The stock price of the blank-check company that recently partnered with ex-President Donald Trump’s social media app opened above $97 before falling to $83 at the time of writing.
To help stock traders eying the Digital World Acq stock (DWAC), Invezz has created a brief article on what it is and the best places to trade it.
To find out more, please continue reading.
Best places to trade DWAC StockCopy link to section
What is Digital World Acq stock (DWAC)?Copy link to section
Digital World Acq stock is the stock of Digital World Acquisition Corp. and it trades on NASDAQ under the symbol NASDAQ: DWAC.
The Digital World Acquisition Corp. is a special-purpose acquisition company (SPAC). Essentially, it comprises investors who contribute their funds intending to find a private company that can buy.
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It completed its initial public offering (IPO) in September this year.
Should I buy the DWAC stock today?Copy link to section
Digital World Acq stock (DWAC) is a great stock to invest in. the stock has been on a bullish trend which means good returns if you invested at the right time.
Digital World Acq stock (DWAC) price predictionCopy link to section
It is difficult to provide a precise price prediction of the DWAC stock because of the recent market swings.
Nevertheless, there are speculations that the dip is short-lived and the stock could be on its way up in the next couple of days.
Analysts believe the stock could still close the month of February above $90.