Trump Media & Technology Stock Soars After MSG Rally: Will The Gains Hold?
Portfolio Pulse from Erica Kollmann
Trump Media & Technology Group Corp. (NASDAQ:DJT) shares surged over 21% following a controversial campaign rally at Madison Square Garden. The stock is heavily influenced by Trump's presidential campaign events rather than company fundamentals. Despite the recent gains, investment fund manager Matthew Tuttle predicts a potential decline post-election, regardless of the outcome.
October 29, 2024 | 6:20 pm
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Trump Media & Technology Group Corp. shares rose over 21% after a campaign rally at Madison Square Garden. The stock is influenced by Trump's campaign events rather than company fundamentals. Analyst Matthew Tuttle predicts a decline post-election.
The stock's recent surge is attributed to the high-profile campaign rally, which attracted significant attention. However, the stock's performance is not based on the company's business fundamentals but rather on Trump's political activities. Analyst Matthew Tuttle's prediction of a decline post-election suggests that the current gains may not be sustainable, impacting investor sentiment.
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