Trump Media & Technology Group Corp.'s stock fell about 6% in premarket trading on Friday after Donald J. Trump transferred his entire $4 billion stake in the company into a revocable trust, according to filings.
The transaction is described as a gift, with Donald Trump receiving no money for the transfer of his nearly 115 million DJT shares–worth more than $4 billion–to Donald J. Trump Revocable Trust.
Trump transfers all his DJT shares to his revocable trust, SEC filings show
Trump Media & Technology Group Corp DJT is drawing attention as its technical setup hints at a potential Golden Cross — a bullish signal that could spark investor excitement.
Democratic Representative Morgan McGarvey disclosed a surprising trade involving Trump Media stock (NASDAQ: DJT), the media company linked to President-elect Donald Trump.
Today's Big 3 turns to social media, the China trade and oil production. Alan Knuckman explains his picks in Trump Media & Technology (DJT), JD.com (JD), and Nov Inc. (NOV).
Shares of Trump Media & Technology (DJT 3.60%) missed out on the "Trump Trade" last month as the stock briefly popped after the election but then gave up those gains in what seemed to be a "buy the rumor/sell the news" event.
Trump Media & Technology DJT stock surged over 2% in premarket trading on Monday after President-elect Donald Trump picked Kashyap "Kash" Patel to lead the Federal Bureau of Investigation (FBI) over the Thanksgiving weekend.
Trump Media & Technology Group (DJT 3.81%), the parent company of President-elect Donald Trump's Truth Social media platform, has been a volatile stock since it began trading in March after merging with a special purpose acquisition company to go public.
Trump Media shares have dropped since the election. The market has likely moved on—but the president-elect's latest social-media spree could change that.
Trump Media & Technology Group (DJT -0.23%) isn't profitable or generating much revenue, but the one thing it does have is cash, and it could soon put that to work. The company's business centers around its Truth Social platform, and it has been looking at expanding into other areas as well, including streaming video.
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