Trending tickers: The latest investor updates on Trump Media, GameStop, WH Smith and Inditex

Trump Media

Trump Media & Technology Group (TMTG), the parent company of Truth Social, has announced that it will be merging with Digital World Acquisition Corp. (DWAC). The merger is expected to close in the second quarter of 2023 and will result in TMTG becoming a publicly traded company. The news of the merger sent DWAC's stock price soaring, and it is now trading at over $100 per share.

TMTG was founded by former President Donald Trump in 2021. The company's mission is to create a "free speech" social media platform that is not subject to the censorship of the mainstream media. Truth Social was launched in February 2022 and has quickly become one of the most popular social media platforms among conservatives.

The merger with DWAC will provide TMTG with the capital it needs to expand its operations and develop new products and services. TMTG plans to use the proceeds from the merger to fund the development of a new streaming service, a news network, and a payment processing platform.

GameStop

GameStop (GME) has been one of the most volatile stocks on the market in recent years. The stock price has soared and crashed multiple times, and it is currently trading at around $150 per share.

The volatility in GME's stock price is due in part to the company's short squeeze. A short squeeze occurs when a large number of short sellers are forced to buy back the shares they have sold short. This can cause the stock price to rise rapidly.

GameStop's short squeeze was triggered by a group of retail investors who bought up the company's stock in large numbers. This caused the stock price to rise, which in turn forced the short sellers to buy back their shares. The short squeeze led to a massive rally in GME's stock price, and it reached a high of over $400 per share in January 2021.

WH Smith

WH Smith (SMWH) is a British retailer that operates over 1,200 stores in the United Kingdom and around the world. The company sells a wide range of products, including books, newspapers, magazines, and stationery.

WH Smith has been struggling in recent years due to the decline in sales of physical books and newspapers. The company has also been impacted by the COVID-19 pandemic, which led to the closure of many of its stores.

In an effort to turn around its business, WH Smith has been investing in new digital initiatives. The company has launched a new website and mobile app, and it has also been developing new products and services. WH Smith is also looking to expand its presence in new markets.

Inditex

Inditex (ITX) is a Spanish multinational clothing retailer. The company owns a number of popular brands, including Zara, Bershka, Pull&Bear, and Massimo Dutti.

Inditex has been one of the most successful retailers in the world in recent years. The company has expanded rapidly, and it now has over 6,000 stores in over 90 countries.

Inditex's success is due in part to its fast fashion business model. The company designs, produces, and sells its clothes quickly and cheaply. This allows Inditex to keep up with the latest fashion trends and to offer its customers a wide range of affordable clothing.