BENE - Trump stock DWAC rises premarket as lofty levels test the resolve of fans

Trump meme stock Digital World Acquisition (NASDAQ:DWAC) looks set to continue big moves this week as one of the most actively traded stocks premarket. DWAC is up 11% before the bell after soaring nearly 850% as it became the home of Donald Trump's future media business. The stock had hallmarks of previous meme moves last week, minus the short interest and the options action, hitting an intraday high of $175 per share, a gain of more than 1,600% from before the deal with Trump Media & Technology Group was announced. Retail interest in DWAC continued over the weekend, as it topped the list with more than 300 mentions on the WallStreetBets subreddit, according to data from Quiver Quantitative. Other stocks are also moving on the Trump deal, with Phunware (NASDAQ:PHUN) up 30% in premarket trading. Phunware, also among the top-mentioned stocks on WallStreetBets, soared last week as traders zeroed in on how it had

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Trump stock DWAC rises premarket as lofty levels test the resolve of fans