DWAC Starts Recovering After a Massive Dip

The DWAC stock price fluctuated between $52.77 and $74 throughout the trading session with the volume trading being 47M shares, which represented a positive variation when compared to the three months average volume of 39M shares.

The share price of Digital World Acquisition Corp. (NasdaqGM:DWAC) ran up 9.85% to close Wednesday’s market session at $64.89, higher as compared to yesterday’s close which brings the market valuation of the company to $3.39B.

The 52-week high for the Digital World Acquisition Corp.’s shares is $175.00. That puts it -62.92% from that peak but still a 552.16% gain since the share price dropped to a 52-week low of $9.84, while the S&P 500’s share price change was of 37.51%.

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What does the trading volume tell us about the DWAC stock?

During the last trading session, Digital World Acquisition Corp. (NasdaqGM:DWAC) has seen growth in its daily volume. The daily volume was of 39M, while in the last 10 days the average was 98M and last three months – 39.26M.

The increasing interest in the DWAC stock from the investors is helping to drive the stock price up.