Streetbeat News

DJT

Trump Media & Technology Group Corp.

https://tmtgcorp.com

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

Trump Media & Technology Group Corp (NASDAQ:DJT) shares are trading lower after the company filed an amended S-1 with the SEC for the issuance of up to 14.4 million common shares and resale of 146.1 million shares by selling stockholders. The company will not receive proceeds from the sale except for possible future warrant exercises.

Portfolio Pulse from Adam Eckert

June 10, 2024 | 5:56 pm

Trump Media & Technology Group has filed a prospectus for the issuance of up to 14.4 million common shares upon warrant exercise and the resale of 146.1 million shares by selling securityholders, including 78.8 million shares held by President Trump. The company will not receive any proceeds from the sales by securityholders.

Portfolio Pulse from Benzinga Newsdesk

June 10, 2024 | 2:55 pm

Mike Johnson is seeking GOP votes for a bill that would allow current or former presidents to move state-level charges to federal court. This bill, named the 'No More Political Prosecutions Act,' is introduced in response to Donald Trump's New York conviction.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2024 | 6:54 pm

Trump Media & Technology Group Corp. (NASDAQ:DJT) shares are trading slightly lower in the premarket session on Friday. The company has sent its fourth congressional letter addressing potential stock manipulation, citing persistent failures to deliver (FTDs) and possible illegal 'naked' short selling. Recent SEC data shows high FTDs for DJT, prompting the company to request Electronic Blue Sheet data from several financial firms.

Portfolio Pulse from Nabaparna Bhattacharya

June 07, 2024 | 12:22 pm

Trump Media & Technology reported that recent SEC data for May 1-15 shows that Failures to Deliver (FTDs) for DJT remain significantly high. FTDs exceeded one million shares on seven out of ten trading days, and on three days, they exceeded two million shares.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 9:41 pm

Trump Media & Technology has sent a fourth letter to the Chairmen of several U.S. House Committees to follow up on previous letters concerning potential stock manipulation.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 9:33 pm

A Georgia appeals court has halted the criminal election case against former President Donald Trump and eight co-defendants, pending the outcome of Trump's request to disqualify Fulton County District Attorney Fani Willis. This delay means the trial will not occur before the November presidential election.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 8:52 pm

Former President Donald Trump is set to speak at a private meeting with CEOs, just weeks after his conviction. This event could have implications for companies and platforms associated with Trump.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 4:33 pm

House Speaker Johnson announced that he is working on a legislative push to counter the recent verdict involving former President Donald Trump. This development could have implications for companies and platforms associated with Trump.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 2:25 pm

President Biden commented on the verdict against former President Donald Trump, emphasizing that the principle that no one is above the law has been reaffirmed. He noted that Trump will have the opportunity to appeal the decision and warned against claims that the process was rigged simply because of disagreement with the outcome.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 5:30 pm

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