Trump Media Stock Roller Coaster Ride Continues After Live TV Platform Announcement
Portfolio Pulse from Surbhi Jain
Trump Media & Technology Group Corp (NASDAQ:DJT) experienced a significant stock price fluctuation following the announcement of a new live TV streaming platform. The stock dropped over 14% on Tuesday but recovered with a similar percentage increase on Wednesday. Despite the recent volatility, DJT's stock has declined by over 60% since late March. Technical analysis reveals bearish momentum, with the stock breaking below key support levels, although some analysts see potential for recovery if it stabilizes in the mid-$20s.
April 17, 2024 | 3:52 pm
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Trump Media & Technology Group Corp's stock experienced significant volatility, with a sharp decline followed by a rebound after announcing a new live TV streaming platform. The stock has been bearish, losing over 60% of its value since late March, but some analysts believe there's potential for recovery.
The announcement of a new live TV streaming platform by Trump Media & Technology Group Corp led to significant stock price volatility, indicating investor uncertainty. The stock's recovery on Wednesday suggests some investor optimism, but the overall bearish trend and technical analysis indicate challenges ahead. The potential for recovery hinges on the stock stabilizing and reclaiming higher price levels.
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