Trump Media (NASDAQ: DJT) stock short interest has been a somewhat controversial topic ever since a clerical error gave rise to the appearance of a conspiracy ahead of the July 13 assassination attempt.
Fears that shares of Trump Media (Nasdaq: DJT) could collapse, following the end of a lockup period have pretty much vanished. Just weeks after the parent company of Truth Social hit 52-week lows in late September, DJT stock is now on a bull run that could make other businesses jealous.
The Trump Media & Technology (DJT) stock price has staged a strong comeback in the past few weeks as the odds of Donald Trump winning the election rose. It has jumped by more than 152% from its lowest level this year and is hovering at its highest point since July.
Shares of Trump Media closed up more than 18%, extending the Truth Social owner's sudden turnaround from recent stock price lows and adding hundreds of millions of dollars to Donald Trump's on-paper net worth. The recent surge came as multiple election betting markets' odds appeared to shift toward Trump, the Republican presidential nominee, over Democratic nominee Kamala Harris.
Shares of Trump Media, which operates the social-media platform Truth Social and is viewed as a Wall Street proxy for Republican nominee Donald Trump's election bid, soared last week.
Shares of Trump Media & Technology Group, which owns former President Donald Trump's social media platform Truth Social, jumped more than 15% on Monday—adding more than $500 million to Trump's net worth, though the company is still trading well below earlier this year.
Shares of Trump Media and Technology Group are up more than 50% over the past month as the former president's chances of winning the 2024 election surge.
The shares have gained 46% over the past month, but are still down 38% from three months ago.
DJT was exceptional last week: Up over 50% on 200M share trading volume. The stock is now well above its $12.50 low, the $15 major barrier, and the $17.50 January starting point.
Prosecutors are asking a New York federal court judge to sentence two brothers to years in prison for their insider trading in a blank-check company's securities before it announced a planned merger with Trump Media. Michael Shvartsman and Gerald Shvartsman pleaded guilty in the case, which involved their purchase and sale of securities of Digital World Acquisition Corp.
Trump Media & Technology Group DJT has been on a wild ride this year, skyrocketing 44.6% over the past month and boasting a year-to-date gain of 38%.
Donald Trump Media & Technology Group (NASDAQ: DJT) has been on a tear, with shares rocketing 50% in the past week alone.