Trump moves his $4 bln stake in DJT into a revocable trust and stock falls
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Donald J. Trump transferred his $4 billion stake in Trump Media & Technology Group Corp. into a revocable trust, causing the company's stock to fall by about 6% in premarket trading.
December 20, 2024 | 12:45 pm
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Trump Media & Technology Group Corp.'s stock fell by about 6% in premarket trading after Donald J. Trump moved his $4 billion stake into a revocable trust.
The transfer of Trump's $4 billion stake into a revocable trust may have raised concerns among investors about potential changes in control or strategy, leading to a 6% drop in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100