Trump Media shares soar 15% after prez-elect says he won't sell, blasts ‘market manipulators'
Portfolio Pulse from
Shares of Trump Media surged 15% following President-elect Trump's announcement that he will not sell his stake in the company and his criticism of 'market manipulators'. Trump holds a 53% stake in the parent company of Truth Social.
November 08, 2024 | 7:30 pm
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Digital World Acquisition Corp (DWAC), the SPAC merging with Trump Media, saw its shares rise 15% after President-elect Trump announced he will not sell his stake and criticized 'market manipulators'.
The announcement by President-elect Trump that he will retain his stake in Trump Media and his comments against 'market manipulators' have positively influenced investor sentiment, leading to a 15% increase in DWAC's stock price. This indicates strong market confidence in the company's future prospects.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100