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Benzinga
Benzinga
Business
Chris Katje

'See The Problem?': Short Seller Jim Chanos Rips Into Trump's DWAC Stock Valuation Amid Share Spike

Jim Chanos Donald Trump DWAC Digital World Digital World Acquisition SPAC Trump Media & Technology Group ( Twitter Inc. Truth Social United States

A leading short seller is warning investors to remain cautious on one of Monday's the top stock gainers. Here’s a look at one of the biggest stocks related to Donald Trump and why it’s moving and what could be next.

What Happened: Shares of Digital World Acquisition Corporation (NASDAQ:DWAC) are surging Monday on reports that former President Donald Trump is nearing an official announcement of his candidacy for the 2024 election.

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