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

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

The trial regarding Donald Trump's handling of classified documents has been postponed indefinitely, according to a report from CNBC. This development could have implications for the political landscape and potentially impact market sentiment.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 9:03 pm

Judge Juan Merchan ruled that a mistrial in former President Trump's hush money case is not warranted, according to Reuters. This decision keeps the legal proceedings against Trump ongoing, focusing on allegations related to hush money payments.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 6:17 pm

Former President Trump's defense lawyer, Todd Blanche, has moved for a mistrial based on the testimony of Daniels. The motion for mistrial highlights significant legal developments in the ongoing case involving Trump.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 6:04 pm

Trump Media & Technology Group Corp. (NASDAQ:DJT) shares are trading lower after the company announced the appointment of Semple, Marchal & Cooper, LLP as its new independent registered public accounting firm, effective May 4, 2024. This follows charges of 'massive fraud' by the SEC against the company's previous audit firm, BF Borgers CPA PC, and its owner. Additionally, Trump Media CEO Devin Nunes has accused certain brokerage firms of stock manipulation, leading to a letter addressed to various committees of the U.S. House of Representatives.

Portfolio Pulse from Nabaparna Bhattacharya

May 07, 2024 | 5:15 pm

Citadel's CEO, Ken Griffin, has expressed approval for the names being considered for Trump's cabinet, according to Reuters. This endorsement from a prominent figure in the financial industry could influence investor sentiment and market outlook.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 5:52 pm

Trump Media & Technology Group Corp (NASDAQ:DJT) has replaced its auditors, dismissing BF Borgers CPA PC and appointing Semple, Marchal & Cooper, LLP, following SEC fraud allegations against BF Borgers and its owner. The SEC charged the firm with failures to comply with PCAOB standards, leading to a $12 million penalty for BF Borgers and a $2 million penalty for its owner. Trump Media CEO Devin Nunes has also raised concerns about potential stock manipulation and anomalous trading, specifically mentioning suspected short-selling activities in DJT shares. DJT shares saw a 3.83% increase to $49.76.

Portfolio Pulse from Shivani Kumaresan

May 06, 2024 | 4:59 pm

Justice Juan Merchan found Donald Trump in criminal contempt for the tenth time, warning of potential jail time in future instances. This development is part of ongoing legal challenges facing the former president.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 1:37 pm

The top 10 trending stocks on WallStreetBets as of May 6, 2024, include TSLA, PLTR, ALCC, AAPL, HOOD, NVDA, BA, DIS, DJT, and HIMS, according to data from Swaggy Stocks.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 1:23 pm

Trump Media & Technology Group Corp dismissed its independent registered public accounting firm, BF Borgers, on May 4 and engaged Semple, Marchal & Cooper as their replacement.

Portfolio Pulse from Charles Gross

May 06, 2024 | 11:46 am

Benzinga's analysis highlights market optimism following Federal Reserve Chair Jerome Powell's hint at pausing interest rate hikes, contributing to gains in major indices. Bullish views include Tesla's potential rise due to short sellers and Apple's positive outlook post-Q2 earnings. Bearish perspectives focus on AMC's debt concerns, Bitcoin's need for privacy enhancements, and Starbucks' sales challenges. Notably, Shiba Inu is predicted to experience a bullish breakout, contrasting with the cautious stance on AMC and the urgent privacy call for Bitcoin.

Portfolio Pulse from Michael Cohen

May 04, 2024 | 12:53 pm

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