Digital World Acquisition (NASDAQ:DWACU) Shares Up 19.7%

Shares of Digital World Acquisition Corp. (NASDAQ:DWACUGet Free Report) traded up 19.7% on Thursday . The stock traded as high as $63.88 and last traded at $61.35. 5,288 shares traded hands during trading, an increase of 43% from the average session volume of 3,705 shares. The stock had previously closed at $51.27.

Digital World Acquisition Price Performance

The company’s 50-day moving average price is $51.77 and its 200-day moving average price is $30.52.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of DWACU. Citigroup Inc. acquired a new position in Digital World Acquisition in the first quarter valued at approximately $32,000. UBS Group AG raised its stake in shares of Digital World Acquisition by 641.3% in the 1st quarter. UBS Group AG now owns 556 shares of the company’s stock valued at $42,000 after acquiring an additional 481 shares during the period. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of Digital World Acquisition by 124.4% in the 3rd quarter. Tower Research Capital LLC TRC now owns 2,233 shares of the company’s stock worth $42,000 after acquiring an additional 1,238 shares during the last quarter.

Digital World Acquisition Company Profile

(Get Free Report)

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.

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