Trump Media Stock Bought By BlackRock, State Street, Charles Schwab, Vanguard In Q2: Stock Is Down 40% In Past Month
Portfolio Pulse from Chris Katje
Several large fund management companies, including BlackRock, Vanguard, State Street, and Charles Schwab, bought shares of Trump Media & Technology Group (NASDAQ: DJT) in Q2. Despite a 40% decline in the past month, the stock has risen over 43% in the past year. The stock's volatility is influenced by Trump's activities and the 2024 election race. Trump Media recently reported Q2 revenue of $840,000 and a net loss of $16.4 million.
August 15, 2024 | 4:54 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Several large fund management companies bought shares of Trump Media & Technology Group in Q2. Despite a 40% decline in the past month, the stock has risen over 43% in the past year. The stock's volatility is influenced by Trump's activities and the 2024 election race.
The purchase of shares by large fund management companies indicates confidence in the future value of Trump Media & Technology Group. Despite recent declines, the stock has shown significant growth over the past year. The stock's volatility is tied to Trump's activities and the 2024 election race, which could lead to further fluctuations.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100