What's Going On With Trump Media & Technology Stock On Monday?
Portfolio Pulse from Anusuya Lahiri
Trump Media & Technology Group Corp (NASDAQ:DJT) stock surged on Monday following the Supreme Court's decision to reject an appeal from Elon Musk's X, avoiding a dispute over a Justice Department search warrant related to Trump's social media account. Despite internal changes, including the resignation of COO Andrew Northwa, the stock rose 15.10% as Trump maintains his stake.
October 07, 2024 | 4:51 pm
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Trump Media & Technology Group Corp (NASDAQ:DJT) stock surged 15.10% after the Supreme Court rejected an appeal from Elon Musk's X, avoiding a legal dispute over Trump's social media account. Despite internal changes, Trump retains his stake.
The Supreme Court's decision to reject the appeal from X, avoiding a legal dispute involving Trump's social media account, positively impacted DJT's stock. This legal clarity likely boosted investor confidence. Additionally, Trump's decision to retain his stake despite internal changes, such as the COO's resignation, further supported the stock's rise.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100