$Digital World Acquisition Corp(DWAC)$
The stock jumped 55% to $41, its highest since June 2022, after DeSantis on Sunday stopped his campaign just two days before the pivotal New Hampshire primary. DeSantis also endorsed Trump over rival Republican hopeful Nikki Haley.
Digital World has now more than doubled over the past five trading sessions as the former president gained momentum in his bid to become the Republican candidate in November's general election.
Shares of video-sharing platform Rumble (RUM.O), opens new tab, popular with conservatives, jumped 33% to $4.77 on Monday. The company announced a partnership with media firm Barstool Sports.
Software developer Phunware (PHUN.O), opens new tab, hired by Trump's 2020 presidential re-election campaign to build a phone app, jumped 40% to 36 cents.
Digital World remains down over half from levels seen in March 2022 after the company's merger with Trump Media & Technology Group, parent of Trump's social media platform Truth Social, faced multiple delays since it was announced in October 2021.
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