Digital Asset Acquisition Corp. (DAAQ) Stock Rallies Over 41% After Hours: Here's What Is Going On
Digital Asset Acquisition shares jumped 43.42% after hours after the company terminated its merger agreement with Old Glory Holding Company.
DAAQ's stock price jumped way up after the company said it won't merge with another company anymore. When a deal falls apart, investors sometimes think the original company will do better on its own, so they buy more shares.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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