Trump Media and Technology Group shares surged on Friday after former President Trump, the majority shareholder, said he would not be selling his shares.
Shares of Trump Media & Technology Group Corp. jumped Friday after Republican presidential nominee Donald Trump said he didn't plan to sell his stake in the company when a lockup period ends later this month.
Trump Media & Technology Group DJT shares are trading higher Friday after former President Donald Trump shut down speculation that he might sell his shares later this month.
Republican presidential candidate Donald Trump is not selling his shares of the company that owns Truth Social and will not leave the social medial platform that he created, he told reporters on Friday.
Shares of Trump Media shot up by more than 12% after majority owner Donald Trump said he is not selling his stake. Former US President and Republican presidential candidate Donald Trump speaks during a press conference at Trump National Golf Club Los Angeles in Rancho Palos Verdes, California, on September 13, 2024.
Presidential hopeful Donald Trump might call the U.S. a "failing" nation. But his own stock is falling apart — as the S&P 500 rises.
Former President Donald Trump's stake in Trump Media is valued around $1.8 billion, down from more than $5.7 billion on March 26.
Trump Media stock continued to sink Thursday, closing down 3.6%, at $16.07 per share — its lowest close since the company debuted on the Nasdaq in March. Shares of Trump Media, which trades under the ticker "DJT," are down nearly 14% since the first presidential debate on Tuesday night in Philadelphia between former President Donald Trump and Vice President Kamala Harris.
The stock tanked after the first presidential debate. Why investors should expect the stock to plummet further.
Shares in Trump Media & Technology Group Corp. (NASDAQ:DJT) are down over 13% in premarket trading this morning at the time of this writing. The fall comes the morning after former president Donald Trump faced off against Vice President Kamala Harris in their first presidential debate last night.
Trump Media stock is falling after Donald Trump's debate with Kamala Harris last night. Today's inflation data is also weighing on the stock.
Shares for Trump Media on Wednesday dropped more than 15% in premarket trading, falling to what would be a new record-low for the stock, after Vice President Kamala Harris became the betting favorite to win the election after a debate with former President Donald Trump, the majority stakeholder in the Truth Social parent.