Trump-linked stocks rally on potential 2024 campaign announcement

Remark Holdings

07/11/2022 11:31

** Shares of blank-check firm Digital World Acquisition Corp
 DWAC.O  jump 31.1% to $22.91 premarket 
    ** Americans gear up to vote in U.S. midterm elections on
Nov. 8, with former President Donald Trump hinting at another
White House bid, and forecasts showing Republicans could gain
control of both chambers of Congress 
    ** Special-purpose acquisition company DWAC, which has
agreed to take social-media startup Trump Media & Technology
Group Corp (TMTG) public, was the top trending ticker on
retail-investor focused forum Stocktwits  
    ** News of Trump's fresh bid drew chatter from retail
investors on social media of him announcing his attempt to run
in the 2024 presidential race this month
    ** Conservative social media app Rumble Inc  RUM.O  gains
3.3%; Software developer Phunware Inc  PHUN.O , hired by Trump's
2020 presidential reelection campaign to build phone app, jumped
15.0%      
    ** Remark Holdings  MARK.O , which has been linked to Trump
on social media sites, up 8.6%; Reuters has not independently
verified the link between Trump and Remark
 (Reporting by Akash Sriram and Shreyashi Sanyal in Bengaluru)
 ((Akash.Sriram@thomsonreuters.com; https://twitter.com/hoodieonveshti;))