DJT Short Squeeze Could Push Stock To $60 If Trump Wins, But Analysis Says Loss Could Make Shares 'Worthless'
Portfolio Pulse from Chris Katje
Trump Media & Technology Group (NASDAQ:DJT) shares have been volatile due to the 2024 election, with potential for a short squeeze if Trump wins. S3 Partners report indicates a 50% price move is possible, with DJT stock potentially reaching $60 if Trump wins, or becoming worthless if he loses.
October 30, 2024 | 4:34 pm
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DJT stock is highly volatile due to its connection to Trump's 2024 election odds. A short squeeze could push the stock to $60 if Trump wins, but it could become worthless if he loses.
The stock's price is closely tied to Trump's election odds, with a high short interest and potential for a short squeeze. If Trump wins, the stock could see a significant upward movement. Conversely, a loss could lead to a sharp decline.
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IMPORTANCE 90
RELEVANCE 100