News
Trump Media & Technology Group (DJT) shares surged more than 3% on Monday after the company revealed that it has accumulated ...
Trump Media made its debut on the Nasdaq under the ticker DJT in late March, following a lengthy merger with a special ...
Shares of Trump Media & Technology Group Corp (NASDAQ:DJT) are experiencing a slight pullback in Thursday morning trading, ...
Trump Media said in May that it would pile up bitcoin as it pursued a crypto treasury strategy. It's announcement on Monday ...
Much of the stock's movement is tied to Trump's political fortunes, with DJT swinging upwards when his odds appear to improve. After Tuesday's stock gains, Trump Media now sports a market ...
Because large stock sales can cause a public company's shares to plunge, lock-ups are a way to prevent wild trading swings. On Friday, Trump blamed the looming expiration of the lock-up for DJT's ...
Explore more
The stock is rife with short-term speculators. “DJT continues to be exceptionally volatile on a daily basis because there are speculators playing short-term momentum strategies.
“This means that existing short sellers need to have DJT’s stock price decline by -$0.35 every day just to cover their short financing costs,” he wrote in an email.
After the stock price briefly topped $40 and jumped 17% above Monday’s closing price, DJT stock tumbled back down to $33.94 a share, to finish the day at a 1.2% loss.
from Nasdaq to NYSE over trading halts. What Happened: The ceremony comes as DJT stock has surged 107.62% year-to-date, closing at $36.23 on Wednesday with a market capitalization of $7.25 billion.
Trump Media's wild swings are a reminder of how risky an investment DJT stock can be. Shares have lost more than 60% of their value since March.
If shares of DJT remain above this price point — and they seem likely to — the lockup could expire as soon as Sept. 20. What happens after that is anyone's guess.
Results that may be inaccessible to you are currently showing.
Hide inaccessible results