Shares of Digital World Acquisition (NASDAQ: DWAC) tumbled 29.9% in March, according to data from S&P Global Market Intelligence. The special purpose acquisition company (SPAC) saw its valuation fall in response to the performance of Trump Media & Technology Group's (TMTG) recently launched Truth Social platform. Digital World Acquisition is set to take TMTG public through a SPAC merger, and its stock has seen volatile movements in conjunction with anticipation and subsequent performance indicators for Truth Social. Read More...
Motley Fool
Is It Time to Buy the Nasdaq’s 7 Worst-Performing March Stocks?
Last month ended up being a pretty good one for the market, with the Nasdaq Composite bouncing back from February’s 3% stumble to log a gain of a little more than 3% in March despite this past week’s weakness. If you’re wondering, last month’s biggest large-cap Nasdaq losers are Grab Holdings, Upstart (NASDAQ: UPST), Rivian Automotive (NASDAQ: RIVN), and Huazhu Group, suffering losses of 39%, 31%, 20%, and 21%, respectively. Dishonorable mentions also go the fifth-, sixth-, and seventh-place large-cap laggards Pinduoduo, JD.com, and Okta (NASDAQ: OKTA), down 23%, 19%, and 17% (again, respectively) in March.
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