The Trumpiest part of the "Trump Trade" was back on today.
A.I. and social media make up some of the most unusual options trades that Tom White noticed during the day. He highlights some of those trades in Trump Media & Technology (DJT), Nvidia (NVDA) and Palantir (PLTR).
Shares of Trump Media jumped more than 14% in midday trading on Monday, ahead of President-elect Donald Trump's inauguration on Monday, Jan. 20. The stock is now on pace for its best day since Nov. 18, when shares surged 16.65% following news that the company was in talks to buy cryptocurrency trading firm Bakkt.
Though the trading week started on Monday, January 13, generally in the red, with all Magnificent 7 stocks opening below their latest close, several companies went against the grain and soared higher.
Trump Media (DJT 2.23%) stock recorded huge gains across 2024's trading. The company's share price ended the year up 94.9%, according to data from S&P Global Market Intelligence.
Is Trump Media & Technology Group Corp. DJT stock climbing on optimism or concrete signals? The stock has surged 104% over the past year, with its rally appearing to align with President-elect Donald Trump‘s upcoming return to the White House.
Trump Media & Technology Group (DJT 4.48%) and Meta Platforms (META 4.23%) represent different ways to invest in the social media sector. Trump Media owns Truth Social, an X-like social media platform that targets a niche of conservative-leaning users.
Shares in the Truth Social parent have been flat lately, but rallied on Monday after Congress certified Donald Trump's election win.
Artificial intelligence harms, problematic social media content, data privacy violations—the issues are the same, but the policymakers and regulators who deal with them are about to change.
In mid-July, the Pennsylvania assassination attempt against Donald Trump whipped up a media frenzy, further fueled by the revelation of an unusually large reported short position, hinting at the possibility of a far grander conspiracy.
Trump Media & Technology Group (DJT -0.06%), which owns the social media platform Truth Social, went public by merging with a special purpose acquisition company (SPAC) on March 26, 2024. Its stock opened at $70.90, sank to an all-time low of $12.15 on September 23, but now trades at about $34.
Trump Media and Technology (NASDAQ: DJT) has been one of the most volatile stocks of 2024, mirroring the unpredictable trajectory of the political landscape.