What's Going On With Trump-Related Digital World Acquisition (DWAC) Stock?

Digital World Acquisition Corp. DWAC shares are moving Friday. The stock appears to be grabbing the interest of investors after the arrest of former President Donald Trump on Thursday.

What To Know:

Former President Donald Trump was arrested on Thursday at the Fulton County Jail on felony charges related to his efforts to overturn the 2020 election results. 

Donald Trump later posted his mugshot on X (formerly Twitter) in his first post on the platform in more than two years.

The media attention to the former President's arrest and mugshot may have increased the attention of retail investors to Trump-related Digital World Acquisition Corp. DWAC is currently one of the top trending tickers on WallStreetBets, Stocktwits and Yahoo! Finance.

Digital World Acquisition Corp. is a special purpose acquisition company (SPAC) created in order to fund Truth Social and take Trump Media & Technology Group (TMTG) public.

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DWAC Price Action: According to Benzinga Pro, DWAC shares are up 0.5% at $14.00 at the time of publication.

Image: MIH83 from Pixabay