Digital World Acq stock (DWAC) is down 1% today: here is where to buy the dip

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Digital World Acq stock (DWAC) has dropped after news of a delayed app launch.

The stock price of the blank-check company that recently partnered with ex-President Donald Trump’s social media app opened above $97 before falling to $83 at the time of writing.

To help stock traders eying the Digital World Acq stock (DWAC), Invezz has created a brief article on what it is and the best places to trade it.

To find out more, please continue reading.

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What is Digital World Acq stock (DWAC)?

Digital World Acq stock is the stock of Digital World Acquisition Corp. and it trades on NASDAQ under the symbol NASDAQ: DWAC.

The Digital World Acquisition Corp. is a special-purpose acquisition company (SPAC). Essentially, it comprises investors who contribute their funds intending to find a private company that can buy.

It completed its initial public offering (IPO) in September this year.

Should I buy the DWAC stock today?

Digital World Acq stock (DWAC) is a great stock to invest in. the stock has been on a bullish trend which means good returns if you invested at the right time.

Digital World Acq stock (DWAC) price prediction

It is difficult to provide a precise price prediction of the DWAC stock because of the recent market swings.

Nevertheless, there are speculations that the dip is short-lived and the stock could be on its way up in the next couple of days.

Analysts believe the stock could still close the month of February above $90.

$DWAC stock social media coverage

🔥🔥🔥
It’s going to blow everybody away! Dan Scavino on $DWAC #TRUTHsocial #TMTG $CFVI @rumblevideo pic.twitter.com/A3uGrrNBSO

— Donald (@Wega25636689) February 4, 2022

$DWAC Let’s have a guess how many will sign up for Truth Social in the first seven days. pic.twitter.com/eoeVOlBXDW

— Looking for a squeeze (@Scott756248742) February 7, 2022

The post Digital World Acq stock (DWAC) is down 1% today: here is where to buy the dip appeared first on Invezz.