Digital World Acquisition (NASDAQ:DWACW) Shares Down 7.6%

Digital World Acquisition Corp. (NASDAQ:DWACW – Get Rating)’s share price dropped 7.6% during trading on Thursday . The stock traded as low as $2.26 and last traded at $2.31. Approximately 92,018 shares traded hands during mid-day trading, an increase of 117% from the average daily volume of 42,431 shares. The stock had previously closed at $2.50.

Digital World Acquisition Trading Down 7.6 %

The stock has a fifty day moving average of $3.48 and a 200 day moving average of $4.39.

Institutional Trading of Digital World Acquisition

Large investors have recently bought and sold shares of the company. UBS Group AG bought a new stake in Digital World Acquisition during the first quarter valued at $31,000. Bell Rock Capital LLC bought a new stake in shares of Digital World Acquisition in the 3rd quarter valued at about $86,000. Marathon Trading Investment Management LLC increased its holdings in Digital World Acquisition by 21.8% during the 4th quarter. Marathon Trading Investment Management LLC now owns 27,906 shares of the company’s stock valued at $95,000 after purchasing an additional 5,000 shares during the period. Aristeia Capital LLC increased its holdings in Digital World Acquisition by 32.1% during the 3rd quarter. Aristeia Capital LLC now owns 199,656 shares of the company’s stock valued at $712,000 after purchasing an additional 48,549 shares during the period. Finally, Skandinaviska Enskilda Banken AB publ increased its holdings in Digital World Acquisition by 27,677.8% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 295,000 shares of the company’s stock valued at $1,012,000 after purchasing an additional 293,938 shares during the period.

Digital World Acquisition Company Profile

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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 on technology-focused companies in the SaaS and technology, or fintech and financial services sector in the Americas.