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Benzinga

Business

Melanie Schaffer

What Institution Traded An Unusual Amount of Trump-Based Digital World Stock In A Dark Pool?

Digital World Digital World Acquisition Corp Donald Trump Elon Musk

At 8:50 a.m. Tuesday, Money Flow Mel (@MelStone31) posted an image to Twitter indicating institutions traded a large block of Digital World Acquisition Corp (NASDAQ:DWAC). The trader noted that dark pool activity rarely occurs on this stock.

The Trade: On Tuesday, an institution traded 155,000 shares of Digital World at $29.65. The trade amounts to a $4.6-million bet on the special purpose acquisition company.

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