What Happened With Trump Media & Technology Stock Today?
Portfolio Pulse from Erica Kollmann
Trump Media & Technology Group Corp. (NASDAQ:DJT) shares rose nearly 9% on Monday, continuing a volatile trend ahead of the Presidential election. The stock has gained over 30% in the past five days following the expiration of a lockup period. Co-founders sold over seven million shares, but Trump did not sell his stake. The company announced its content delivery network is now operational across multiple sites, enhancing its TV streaming capabilities.
September 30, 2024 | 9:32 pm
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Trump Media & Technology Group Corp. shares rose nearly 9% amid volatility ahead of the Presidential election. The stock has gained over 30% in the past five days after a lockup period expired. Co-founders sold shares, but Trump retained his stake. The company announced its CDN is operational, enhancing TV streaming capabilities.
The stock price of Trump Media & Technology Group Corp. increased significantly due to the expiration of a lockup period and the announcement of its operational CDN, which enhances its TV streaming capabilities. These developments are likely to positively impact the stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100