Trump-Tied SPAC Jump Ignites Retail Frenzy, Volatility Halts
- SPAC volatility has triggered at least 12 trading halts
- Stock remains most bought asset on Fidelity’s retail platform
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Former President Donald Trump’s media company is proving a hit with day traders even though it hasn’t launched yet.
Shares of Digital World Acquisition Corp. skyrocketed as much as 1,225% since an announcement that the blank-check company will merge with Trump Media & Technology Group. The stock was up 129% to $104 at 1:14 p.m. in New York Friday after volatility triggered at least 12 trading halts during the session.