Trump Media & Technology (NASDAQ: DJT ) stock is up on Monday following the Truth Social parent company's shares joining the Russell 1000 and Russell 3000 indices. Today marks the first day of trading after DJT stock joined the Russell 1000 and Russell 3000 indices after markets closed on Friday.
Trump Media & Technology Group (DJT) shares rose in intraday trading Monday after it was announced that the owner of the Truth Social platform has been added to the Russell 3000 and Russell 1000 indexes as part of their annual adjustments.
President Joe Biden's faltering performance captured the spotlight during the presidential debate, but the candidates did spend time tussling over a topic that could pose a challenge, at least financially, for Donald Trump — his legal woes.
Three months ago, expectations that Trump Media stock would reach $100. Now, after a volatile descent, a breakdown below $25 is a possibility.
Trump Media & Technology stock has traded erratically in recent months and last night's presidential debate sparked more volatility in DJT shares.
Trump Media and Technology Group saw its stock price surge by around 11% in pre-market trading on Friday.
Trump Media (NASDAQ: DJT ) stock rose almost 10% overnight after the former president's performance at his debate with President Joe Biden. The stock was trading at over $40 per share early on June 28, and its market capitalization rose to $7.1 billion.
Trump Media & Technology Group Corp DJT has had a wild ride, with the stock skyrocketing 190% over the past year and 110% year-to-date. However, recent technical indicators suggest caution, as the stock has dipped 26% in the past month.
Shares of Trump Media & Technology Group jumped more than 10% at times during pre-market trading Friday morning, following the highly anticipated debate between former President Donald Trump and President Joe Biden that most pundits say went disastrously for the sitting president.
About $1.3 billion has been added to former President Donald Trump's net worth over the last week, as shares of Trump Media have significantly rebounded since falling below $27, though the value of his stake in the firm—the parent of social media platform Truth Social—is still down by more than $1 billion this month.
The stock has proven to be volatile since it began trading under the DJT ticker earlier this year, with the shares up by more than 30% in a week.
Shares of Trump Media & Technology Group closed up nearly 8% on Wednesday, adding to the stock's post-sell-off rally. The stock initially sank more than 6% mid-morning but closed up 7.92% at $39.25 per share Wednesday with a market capitalization of nearly $7 billion.