What's Going On With Trump Media & Technology Stock After New Indictment Against Donald Trump?
Portfolio Pulse from Erica Kollmann
Trump Media & Technology Group Corp. (NASDAQ:DJT) shares are trading lower following a revised indictment against Donald Trump related to the Jan. 6 case. The stock has fallen over 17% in the past five days, moving below its 50-day moving average.
August 28, 2024 | 2:47 pm
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Trump Media & Technology Group shares are declining due to a revised indictment against Donald Trump, which may affect his campaign strategy. The stock has dropped over 17% in the past five days, trading below its 50-day moving average.
The revised indictment against Donald Trump is a significant legal development that could impact his public image and campaign strategy, leading to investor uncertainty. This has resulted in a notable decline in DJT's stock price, which is now below its 50-day moving average, indicating potential further downside in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100