DWAC Epic Market On Close Volatility
Into the final minutes, 
DWAC was trading at $39 a share at about 3:58pm. It then flushed to $36.69 by 3:59 only to reverse and close at $42.29 by 4pm. It hit a high of $59.39 before closing at $55.40 after hours. This is off of news that they have reached a fundraising target. With Jack gone and the recent distribution in names like 
TWTR and 
FB, is this a rotation into a competitor? Or is it a rotation from meme stocks such as 
GME, 
AMC, 
CLOV, 
BB, and 
BBBY that have recently rolled over? Either way, this is nothing short of epic volatility.
DWAC was trading at $39 a share at about 3:58pm. It then flushed to $36.69 by 3:59 only to reverse and close at $42.29 by 4pm. It hit a high of $59.39 before closing at $55.40 after hours. This is off of news that they have reached a fundraising target. With Jack gone and the recent distribution in names like TWTR and FB, is this a rotation into a competitor? Or is it a rotation from meme stocks such as GME, AMC, CLOV, BB, and BBBY that have recently rolled over? Either way, this is nothing short of epic volatility.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.