Trump Media Stock Is Falling After The Bell: What's Going On?
Portfolio Pulse from Adam Eckert
Trump Media & Technology Group Corp (NASDAQ:DJT) shares are falling in after-hours trading after the company filed a prospectus for the resale of nearly 38 million shares of common stock. The stock had surged earlier following an assassination attempt on Donald Trump and his selection of Sen. J.D. Vance as his vice-presidential running mate.
July 15, 2024 | 9:30 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Trump Media & Technology Group Corp (NASDAQ:DJT) shares are experiencing volatility. The stock surged over 31% after an assassination attempt on Donald Trump and his VP pick, but fell 10.47% in after-hours trading following a prospectus filing for the resale of nearly 38 million shares.
The prospectus filing for the resale of nearly 38 million shares introduces potential dilution, which is likely causing the after-hours pullback. The earlier surge was driven by news events related to Donald Trump, but the filing has a more direct financial impact on the stock.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100