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I don’t understand
$Trump Media & Technology (DJT.US)$ DJT is planning to buy BAKKT but why BAKKT flying like racket and DJT keep dropping ?
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WhyDown : because DJT will need to spend money to buy a stock that's quite high now?
Beginner99 : DJT at least ito ncrease by 50% too right
103949077 OP Beginner99 : But u see pre market keep dropping
103949077 OP : and now BAKKT price is over DJT i really don’t understand
馬上發 : BAKKT tonight will continue to going up
103949077 OP 馬上發 : Yes that’s why i don’t understand why DJT is dropping
Beginner99 103949077 OP : don't panic to sell.
Beginner99 : prepare for the tick curve
Ken Griffin Charity : During any sort of acquisition, the stock price of the acquiring company traditionally drops in value, while the target company rises. This is because acquiring companies typically have to pay a higher market price for the target company in order to incentivise the buyout. The exact same thing happened when Microsoft acquired Activision.
But in this case, this buyout has also not yet been finalised, and we don’t even know how much DJT is willing to pay to buy BKKT. Therefore, expect volatility to be very high in the short term.