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

19.57

Mkt cap

4.4B

Volume

2.5M

High

20.41

P/E Ratio

-8.56

52-wk high

79.38

Low

19.52

Div yield

N/A

52-wk low

11.75

Trump Media & Technology Group Corp (NASDAQ:DJT) stock is volatile in premarket trading after announcing a deal to acquire critical assets for its content distribution network. The deal involves issuing 5.1 million shares and $17.5 million over three years, with a standby equity purchase agreement allowing up to $2.5 billion in shares issuance. The new network will stream via Truth Social and standalone apps, offering various content. DJT shares were down 0.64% to $30.90 premarket.

Portfolio Pulse from Anusuya Lahiri

July 05, 2024 | 3:01 pm

Trump Media & Technology Group (TMTG) announced a perpetual licensing agreement for streaming technology and long-term equity financing. The deal involves issuing up to 5,100,000 shares of common stock and $17.5 million to be paid over three years.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2024 | 3:00 pm

Today's session saw significant options activity in 10 communication services stocks, with notable whale alerts. Key trades include bearish sentiment for SIRI, GOOGL, DIS, ROKU, GOOG, and RBLX, and bullish sentiment for PARA and DJT.

Portfolio Pulse from Benzinga Insights

July 05, 2024 | 3:00 pm

Trump Media & Technology Group (NASDAQ:DJT) saw a 4% drop in shares after raising over $105 million through warrant exercises. The move, while generating significant cash, risks stock dilution. The company now has over $350 million in cash and no debt. The stock has been volatile due to legal issues involving Trump and recent market events.

Portfolio Pulse from Anusuya Lahiri

July 03, 2024 | 11:15 am

Tesla's stock surged due to strong delivery figures. RBC raised its S&P 500 target to 5,700. The FDA approved Eli Lilly's Alzheimer's drug. The sentencing in Donald Trump's hush money case has been delayed.

Portfolio Pulse from Benzinga Newsdesk

July 02, 2024 | 8:01 pm

A judge has postponed former President Donald Trump's sentencing to September 18, according to media reports cited by Reuters.

Portfolio Pulse from Benzinga Newsdesk

July 02, 2024 | 6:56 pm

The District Attorney will not oppose former President Donald Trump's request to delay his New York case. DA Bragg aims to file briefs on Trump's motion by July 24. Trump's sentencing, initially set for July 11, is likely to be delayed.

Portfolio Pulse from Benzinga Newsdesk

July 02, 2024 | 2:46 pm

Trump Media announced that the cash exercise of warrants between June 20 and July 1 has resulted in over $105 million in cumulative proceeds.

Portfolio Pulse from Benzinga Newsdesk

July 02, 2024 | 1:08 pm

Trump Media & Technology Group (NASDAQ:DJT) announced its inclusion in the Russell Indexes, which is expected to increase visibility and attract institutional investors. The Supreme Court ruling on presidential immunity boosted DJT stock, which has surged 162% in the last 12 months. DJT shares were trading higher by 0.48% premarket on Tuesday.

Portfolio Pulse from Anusuya Lahiri

July 02, 2024 | 12:00 pm

The U.S. Supreme Court granted former President Donald Trump partial immunity for actions committed while in office, sparking mixed reactions. The ruling, which came ahead of the 2024 election, means cases against Trump related to his presidential duties may be delayed until after the election. Critics argue this places Trump above the law, while supporters see it as a victory for presidential powers.

Portfolio Pulse from Chris Katje

July 01, 2024 | 10:12 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.