What's Going On With Trump Media & Technology Group Stock On Tuesday?
Portfolio Pulse from Anusuya Lahiri
Trump Media & Technology Group Corp (NASDAQ:DJT) saw a significant surge of over 21% on Monday, recovering from a decline following Trump's legal issues. The stock closed at $33.52, up from $27 on Friday. The company expects to generate over $69.4 million from exercised warrants, but concerns about stock dilution remain. Short sellers have faced substantial losses, totaling $178 million year-to-date. Trump is also set to speak at the Bitcoin 2024 convention, highlighting his pro-crypto stance.
June 25, 2024 | 12:08 pm
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Trump Media & Technology Group Corp (NASDAQ:DJT) saw a 21% surge on Monday, closing at $33.52. The company expects to generate $69.4 million from exercised warrants, but concerns about stock dilution remain. Short sellers have faced significant losses.
The stock's significant surge indicates positive investor sentiment, likely driven by the expected revenue from exercised warrants. However, concerns about stock dilution and substantial short-seller losses add complexity to the stock's outlook.
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