Digital World Acquisition Corp (NASDAQ: DWAC) Defies Bearish Expectations and Displays Strong Future Potential

In the latest trading session, 2.8 million Digital World Acquisition Corp (NASDAQ:DWAC) shares changed hands as the company’s beta touched 6.22. With the company’s most recent per share price at $40.15 changing hands around $3.21 or 8.69% at last look, the market valuation stands at $1.49B. DWAC’s current price is a discount, trading about -46.25% off its 52-week high of $58.72. The share price had its 52-week low at $12.40, which suggests the last value was 69.12% up since then. When we look at Digital World Acquisition Corp’s average trading volume, we note the 10-day average is 2.54 million shares, with the 3-month average coming to 3.56 million.

Digital World Acquisition Corp (NASDAQ:DWAC) trade information

Instantly DWAC is in green as seen in intraday trades today. With action 12.86%, the performance over the past five days has been green. The jump to weekly highs of 48.01 added 8.69% to the stock’s daily price. The company’s shares are showing year-to-date upside of 129.43%, with the 5-day performance at 12.86% in the green. However, in the 30-day time frame, Digital World Acquisition Corp (NASDAQ:DWAC) is -19.18% down.

DWAC Dividends

Digital World Acquisition Corp is expected to release its next quarterly earnings report in April.

Digital World Acquisition Corp (NASDAQ:DWAC)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 3.78% of Digital World Acquisition Corp shares while 5.36% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 5.57%. There are 5.36% institutions holding the Digital World Acquisition Corp stock share, with Susquehanna International Group, LLP the top institutional holder. As of Dec 30, 2023, the company held 2.02% of the shares, roughly 0.61 million DWAC shares worth $24.77 million.

Atika Capital Management, LLC holds the second largest percentage of outstanding shares, with 0.83% or 0.25 million shares worth $10.2 million as of Dec 30, 2023.

Among Mutual Funds, the top two as of Jan 30, 2024 were Fidelity NASDAQ Composite Index Fund and Series Portfolios Tr-Unusual Whales Subversive Republican Trading ETF. With 17141.0 shares estimated at $0.7 million under it, the former controlled 0.06% of total outstanding shares. On the other hand, Series Portfolios Tr-Unusual Whales Subversive Republican Trading ETF held about 0.00% of the shares, roughly 18.0 shares worth around $736.0.