Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score.
As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend.
Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish.
InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion.
For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.
What's Happening With DWAC Stock Today?
Digital World Acquisition Corp (DWAC) stock is trading at $17.02 as of 12:14 PM on Friday, Nov 17, a rise of $0.34, or 2.07% from the previous closing price of $16.68. The stock has traded between $16.68 and $17.16 so far today. Volume today is 122,176 compared to average volume of 147,427.
To see InvestorsObserver's Sentiment Score for Digital World Acquisition Corp click here.
More About Digital World Acquisition Corp
Digital World Acquisition Corp. is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. While we may pursue an initial business combination target in any business or industry, we intend to focus on combining with a leading tech company.
Click Here to get the full Stock Report for Digital World Acquisition Corp stock.
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