Hush Money Trial Done By 'Biden And His People,' Trump Says Without Proof: 'It Was A Rigged Trial' (UPDATED)
Portfolio Pulse from Chris Katje
Former President Donald Trump criticized the recent trial where he was found guilty on 34 charges of falsifying business documents, calling it 'rigged' and blaming the Biden administration without evidence. Trump Media & Technology Group (NASDAQ:DJT) shares have been highly volatile, falling significantly after the verdict.
May 31, 2024 | 3:18 pm
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NEGATIVE IMPACT
Trump Media & Technology Group (NASDAQ:DJT) shares have been highly volatile, falling significantly after the guilty verdict in Trump's trial.
The guilty verdict and subsequent comments by Trump have led to increased volatility and a significant drop in DJT shares. The uncertainty surrounding Trump's legal issues and their potential impact on his 2024 presidential campaign contribute to the negative short-term outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100