What's Going On With Trump Media Stock On Monday? (CORRECTED)
Portfolio Pulse from Anusuya Lahiri
Trump Media & Technology Group Corp (NASDAQ:DJT) stock is trading lower on Monday following the release of its second-quarter financial results. The company reported $0.84 million in revenue, $2.3 million in interest income, and a GAAP net loss of $16.4 million. Despite a 52% gain over the last 12 months, the stock is down 2.59% premarket. The upcoming 2024 Presidential election, with Trump and Harris as key candidates, adds to the stock's volatility.
August 12, 2024 | 12:59 pm
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Trump Media & Technology Group Corp (NASDAQ:DJT) stock is trading lower by 2.59% premarket after reporting second-quarter revenue of $0.84 million and a GAAP net loss of $16.4 million. The stock has gained 52% over the last 12 months, largely due to Trump's involvement. The upcoming 2024 Presidential election adds to the stock's volatility.
The stock is trading lower due to disappointing financial results, including a GAAP net loss of $16.4 million. The upcoming 2024 Presidential election, with Trump as a key candidate, adds to the stock's volatility, making it likely to experience further short-term declines.
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