Streetbeat News

DJT

Trump Media & Technology Group Corp.

Industry

Internet Content & Information

Trump Media & Technology Group Corp. develops a social media platform known as Truth Social that offers social networking services in the United States. The company was founded in 2021 and is based in Sarasota, Florida.

Open

26.91

Mkt cap

6.1B

Volume

19M

High

28.88

P/E Ratio

-65.35

52-wk high

79.38

Low

26.81

Div yield

N/A

52-wk low

11.75

The article lists the top 10 trending stocks on WallStreetBets as of September 20, 2024, according to Swaggy Stocks. The stocks mentioned include NVDA, LUNR, MADE, WAY, TSLA, DJT, FDX, LOT, QQQ, and AAPL.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2024 | 1:12 pm

The U.S. stock market surged to new highs following the Federal Reserve's interest rate cut. Tesla, Nike, Alibaba, FedEx, and Trump Media & Technology were notable movers. Tesla rose 7.36% due to the rate cut, Nike jumped 9% after announcing a CEO transition, Alibaba gained 4.82% with new AI models, FedEx fell post-earnings, and Trump Media dropped 5.89% as lockup restrictions are set to expire.

Portfolio Pulse from Benzinga Neuro

September 20, 2024 | 3:16 am

Trump Media & Technology Group shares are declining, likely due to the expiration of a lockup period that restricts major shareholders, including Donald Trump, from selling stocks. Additionally, 2024 Presidential polls indicate Donald Trump is trailing Vice President Harris.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2024 | 5:10 pm

Trump Media & Technology Group's lockup expiration allows pre-IPO shareholders, including Donald Trump, to sell their shares. Despite a significant stake, Trump maintains control through special voting shares. The stock has been volatile, with recent declines, and potential sales by Trump or other shareholders could impact the price further.

Portfolio Pulse from Chris Katje

September 19, 2024 | 4:13 pm

Trump Media & Technology Group Corp (NASDAQ:DJT) shares are declining as the lockup period preventing insiders from selling shares is set to expire. The stock has been volatile, with recent legal issues and insider selling concerns impacting its price.

Portfolio Pulse from Adam Eckert

September 19, 2024 | 1:31 pm

The article lists the top 10 trending stocks on WallStreetBets as of September 19, 2024, according to Swaggy Stocks. The stocks mentioned include NVDA, AAPL, META, and the ETF QQQ, among others.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2024 | 1:17 pm

The U.S. stock market had a mixed close with the Dow Jones down and the Nasdaq up. Key stocks in focus include Intuitive Machines, Netflix, Li Auto, Trump Media & Technology, and Tesla, each experiencing significant price movements due to various factors such as contracts, market expectations, and strategic announcements.

Portfolio Pulse from Benzinga Neuro

September 18, 2024 | 2:54 am

Donald Trump Jr. claimed that a Democrat donor attempted to assassinate his father, former President Donald Trump. The suspect, Ryan Wesley Routh, was arrested and charged with gun-related offenses. This incident negatively impacted the stock performance of Trump Media & Technology Group (NASDAQ:DJT), which saw a significant decline.

Portfolio Pulse from Benzinga Neuro

September 17, 2024 | 1:04 am

Trump Media & Technology Group (NASDAQ:DJT) has experienced significant stock volatility, with a 51.21% drop over six months and 24.72% in the last month. The stock's instability is exacerbated by an assassination attempt on Donald Trump, who holds a majority stake. Technical indicators show bearish trends, and the upcoming lock-up period expiration could lead to further selling pressure. Additionally, the company reported a 30% drop in Q2 revenue, adding to its challenges.

Portfolio Pulse from Surbhi Jain

September 16, 2024 | 7:48 pm

Ryan Wesley Routh has been charged with federal gun crimes related to an attempted assassination of former President Donald Trump. The incident has led to increased calls for security for Trump. Shares of Trump Media & Technology Group (NASDAQ:DJT) experienced volatility, initially rising but then falling by 4% amid the news.

Portfolio Pulse from Chris Katje

September 16, 2024 | 4:15 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.