Trump Media & Technology Spirals After Golf Course Assassination Attempt
Portfolio Pulse from Surbhi Jain
Trump Media & Technology Group (NASDAQ:DJT) has experienced significant stock volatility, with a 51.21% drop over six months and 24.72% in the last month. The stock's instability is exacerbated by an assassination attempt on Donald Trump, who holds a majority stake. Technical indicators show bearish trends, and the upcoming lock-up period expiration could lead to further selling pressure. Additionally, the company reported a 30% drop in Q2 revenue, adding to its challenges.
September 16, 2024 | 7:48 pm
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Trump Media & Technology Group's stock has been highly volatile, dropping significantly over recent months. An assassination attempt on Donald Trump, who holds a majority stake, adds to the stock's instability. Technical indicators are bearish, and the upcoming lock-up period expiration could lead to more selling pressure. The company also reported a 30% drop in Q2 revenue.
The stock has been on a downward trend, exacerbated by an assassination attempt on its major stakeholder, Donald Trump. Technical indicators like SMA, MACD, and RSI are bearish. The lock-up period expiration could lead to insider selling, increasing downward pressure. Additionally, a 30% drop in Q2 revenue highlights operational challenges.
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