Why Trump Media & Technology Group Shares Are Gaining Thursday
Portfolio Pulse from Nabaparna Bhattacharya
Trump Media & Technology Group Corp. (NASDAQ:DJT) shares are trading higher, following an exchange filing explaining how shareholders can prevent their shares from being loaned for short-interest positions. The company, behind Truth Social, updated its FAQ to address concerns about share lending for short selling, amid a 15% share price decline over the past month. Additionally, Trump Media announced the completion of its live TV streaming platform's R&D phase, planning to roll out new streaming content in three phases.
April 18, 2024 | 4:24 pm
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Trump Media & Technology Group Corp. shares are up following guidance on preventing share loans for short selling and news on its live TV streaming platform's development.
The positive movement in DJT shares is likely due to the company's proactive communication with shareholders about preventing share loans for short selling, which can mitigate downward pressure on the stock. Additionally, the completion of the R&D phase for its live TV streaming platform and plans for new content rollout may be viewed positively by investors, signaling potential future revenue streams and growth opportunities.
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