Digital World Acquisition (NASDAQ:DWACU) Trading Down 12.2%

Digital World Acquisition Corp. (NASDAQ:DWACUGet Rating)’s stock price was down 12.2% during trading on Tuesday . The company traded as low as $22.00 and last traded at $22.00. Approximately 2,810 shares were traded during trading, a decline of 62% from the average daily volume of 7,412 shares. The stock had previously closed at $25.05.

Digital World Acquisition Trading Down 12.2 %

The business’s fifty day moving average price is $31.27 and its 200 day moving average price is $45.32.

Hedge Funds Weigh In On Digital World Acquisition

A hedge fund recently bought a new stake in Digital World Acquisition stock. Citigroup Inc. acquired a new position in shares of Digital World Acquisition Corp. (NASDAQ:DWACUGet Rating) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 427 shares of the company’s stock, valued at approximately $32,000.

About Digital World Acquisition

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Digital World Acquisition Corp. does not have significant operations. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses. It intends to identify business opportunities in the field of SaaS and technology, and the fintech and financial services sector in the Americas.

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