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Djt

All articles tagged with #djt

business1 year ago•2 min saved

Trump Media Stock Volatile Amid Election Day Surges and Halts

DJT stock surged up to 25% after Donald Trump won the presidential election against Kamala Harris, securing his position as the 47th US president. The stock, linked to Trump's media company and social platform Truth Social, experienced significant volatility, reflecting a "buy the rumor, sell the fact" trading strategy. Trump's victory increased his stake in the company to approximately $4.4 billion. The stock's performance has been closely tied to election outcomes, with strategists noting its meme-stock characteristics.

via Yahoo Finance|

#business #djt #election

businesstechnology1 year ago•0 min saved

"Trump Media Stock Plunge: The Truth Social Fallout"

Trump Media & Technology Group Corp., the parent company of Truth Social, saw its stock price drop after filing to register shares and warrants for sale, potentially allowing insiders to sell their stakes earlier than previously permitted.

via Bloomberg|

#businesstechnology #djt #social-media

business1 year ago•0 min saved

"Trump Media Stock Plunge Sparks Investor Concerns"

Trump Media's shares plunged over 17% in premarket trading after filing to issue additional stock, with the company's majority stakeholder, Donald Trump, heading to court for jury selection in his criminal trial. The company, which created the Truth Social app and trades under the ticker DJT on the Nasdaq, experienced a nearly 20% drop the previous week.

via CNBC|

#business #djt #donald-trump

businessfinance1 year ago•2 min saved

"Trump Media's Stock Plunge Wipes Out Billions in Value"

Shares of Trump Media & Technology Group (DJT) have plummeted, wiping out all gains since its debut in March, with the stock falling from a high of $80 per share to approximately $37 per share. The company's 2023 annual report revealed $58 million in losses and only $4 million in revenue, leading to concerns about its viability as a business. The stock's performance is seen as a speculative play on the outcome of the 2024 election, with potential implications for the company's main property, the Truth Social Network. The limited availability of shares for short selling has also contributed to unusual trading dynamics, with the possibility of a short squeeze and increased volatility in the future.

via Yahoo Finance|

#businessfinance #djt #meme-stock

business1 year ago•2 min saved

Trump's Media Company Faces Volatile Stock Performance, Losing Billions in Value

Donald Trump's media and technology group, DJT, has lost about 36% of its value since going public, dropping the former president’s stake to approximately $2.8bn. The stock has become one of the most actively shorted on the Nasdaq exchange, and the company generates minimal revenue and no profit. Trump is under a lockup agreement requiring him to wait until September to sell his shares, and the company and some of its executives are facing legal claims. Despite this, Trump maintains confidence in DJT's Truth Social platform, while the company's CEO, Devin Nunes, expressed optimism about its future.

via The Guardian US|

#business #djt #donald-trump