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 Dow Jones Industrial Average and gold hit all-time highs as investors anticipate a September rate cut by the Federal Reserve. Small caps, tracked by the iShares Russell 2000 ETF (IWM), outperformed tech stocks. Key movers include Bank of America (BAC), UnitedHealth Group (UNH), and Boeing (BA).

Portfolio Pulse from Piero Cingari

July 16, 2024 | 5:20 pm

Shares of The Charles Schwab Corporation (NYSE:SCHW) fell over 7% following their second-quarter results, which showed a decline in adjusted net income and EPS. Other stocks such as Yoshitsu Co., Ltd (NASDAQ:TKLF) and Silo Pharma, Inc. (NASDAQ:SILO) saw significant gains, while Cyngn Inc. (NASDAQ:CYN) and Autonomix Medical, Inc. (NASDAQ:AMIX) experienced notable declines.

Portfolio Pulse from Avi Kapoor

July 16, 2024 | 5:06 pm

Several Silicon Valley moguls, including Palantir Technologies co-founder Joe Lonsdale and the Winklevoss twins, have donated to a super-PAC supporting Donald Trump's presidential bid. America PAC has raised over $8.7 million since June. Elon Musk was rumored to commit $45 million a month but denied the report via a meme.

Portfolio Pulse from Anusuya Lahiri

July 16, 2024 | 3:51 pm

Trump Media & Technology Group Corp (NASDAQ:DJT) shares are trading lower on Tuesday after a significant rise on Monday. The decline follows a prospectus filing for the resale of 37.97 million shares. The company has a standby equity purchase agreement with Yorkville for up to $2.5 billion worth of stock. The stock surged on Monday due to increased odds of Donald Trump winning the 2024 election after an assassination attempt. Trump Media is trending on social media platforms.

Portfolio Pulse from Adam Eckert

July 16, 2024 | 1:55 pm

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 1:18 pm

CrossFirst Bankshares, Inc. (CFB) reported Q2 earnings of 37 cents per share, leading to a 12.3% drop in pre-market trading. Other stocks experiencing losses include Applied Therapeutics, Inc. (APLT), Owens & Minor, Inc. (OMI), Trump Media & Technology Group Corp. (DJT), Anavex Life Sciences Corp. (AVXL), Indivior PLC (INDV), Funko, Inc. (FNKO), and Reddit, Inc. (RDDT).

Portfolio Pulse from Avi Kapoor

July 16, 2024 | 12:15 pm

Trump Media & Technology shares are trading lower amid a possible selloff. The stock had gained previously following the attempted assassination of former President Trump.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 12:01 pm

Wall Street is set to extend gains amid hopes for interest rate cuts, with bond yields slipping. Small-cap stocks are rallying, reflecting market optimism. Key economic data and earnings reports are expected to influence market movements. SPDR S&P 500 ETF Trust (SPY) and Invesco QQQ ETF (QQQ) showed premarket gains.

Portfolio Pulse from Shanthi Rexaline

July 16, 2024 | 11:46 am

Shares of Match Group (NASDAQ:MTCH) rose sharply in pre-market trading due to Starboard Value's 6.5% stake and potential advocacy for a sale. Other notable pre-market movers include Conduit Pharmaceuticals (NASDAQ:CDT), Meiwu Technology (NASDAQ:WNW), and AEON Biopharma (NYSE:AEON).

Portfolio Pulse from Avi Kapoor

July 16, 2024 | 9:51 am

Analysts suggest that a potential Trump presidency could boost the energy, manufacturing, and banking sectors. Stocks like Citi (C), Goldman Sachs (GS), Bank of America (BAC), Morgan Stanley (MS), Trump Media & Technology (DJT), and DatChat (DATS) are expected to benefit.

Portfolio Pulse from Benzinga Neuro

July 16, 2024 | 9:45 am

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