Digital World Acquisition Corp DWAC shares are trading higher by 20.5% to $26.93 Wednesday afternoon after Donald Trump recently won the Iowa GOP caucus. Digital World Acquisition Corp is the business combination partner of Trump Media & Technology Group.
If investors perceive Trump’s political success as positive for the business ventures associated with DWAC, it may lead to increased buying activity, driving the stock price higher.
Traders and investors may also be speculating on potential future partnerships, collaborations or developments involving DWAC and Trump Media & Technology Group. Positive speculation can lead to increased buying activity, causing the stock price to rise.
What Happened In Iowa?
Trump emerged victorious in the Iowa caucus on Monday night, securing an early advantage in the race for the GOP nomination in the 2024 presidential election. He clinched the state with 51% of the vote, garnering 20 delegates in the Republican primary.
Ron DeSantis claimed second place with 21.2% of the vote and nine delegates, while Nikki Haley secured third place with 19.1% of the vote, earning eight delegates…Read More
See Also: Trump-Linked SPAC Digital World Acquisition Corp. (DWAC) Continues Surge After Iowa Win
According to data from Benzinga Pro, DWAC has a 52-week high of $28.70 and a 52-week low of $12.34.
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