DJT stock soars 40% after Donald Trump survives assassination attempt

[DigitalDrifter]

Kind of a radical way to get your stocks to take off. Probably last a couple days, then will settle down again.
Boy if I would have just purchased some of this a few days ago. Today, I would be grinning from ear to ear.

Trump Media & Technology Group (DJT) skyrocketed early Monday after former President Donald Trump survived an assassination attempt at a Pennsylvania rally on Saturday.

Shares of the parent company of Trump's social media platform, Truth Social, surged about 40% shortly after the opening bell. Other Trump-related stocks, like conservative-leaning video platform Rumble (RUM), saw shares climb more than 10%.

DJT stock soars after Donald Trump survives assassination attempt

Trump Media & Technology Group surged about 40% early Monday after former President Donald Trump survived an assassination attempt at a Pennsylvania rally on Saturday.

finance.yahoo.com

 

[JackOfNoTrades]

Kind of a radical way to get your stocks to take off. Probably last a couple days, then will settle down again.
Boy if I would have just purchased some of this a few days ago. Today, I would be grinning from ear to ear.

DJT stock soars after Donald Trump survives assassination attempt

Trump Media & Technology Group surged about 40% early Monday after former President Donald Trump survived an assassination attempt at a Pennsylvania rally on Saturday.

finance.yahoo.com

And in a few weeks, it will be right back in the basement....and you wouldn't be grinning from ear to ear.

Nature of the stock market.

 

[John Edgar Slow Horses]

Trump's stock is down 39%.

 

[g5000]

Trump's stock has fallen by a third since this topic was started.

It's down 60 percent since its peak in March.

Even though the assassin missed, Trump keeps shooting himself in the face.

 

[berg80]

Judge rules Trump Media breached stock contract with early investor​

Trump Media breached an agreement with one of the investors that helped the company go public, and must grant the investor a larger share of its stock, a judge ruled.

The order in Delaware Chancery Court on Monday came just three days before the investor, ARC Global, and other insiders — including majority-owner Donald Trump — will be free to start selling their shares in the company behind Truth Social.

If those insiders opt to cash out their stakes, they could be in line for a major payday. But they could also tank investor confidence and drive down Trump Media’s value, which has already fallen by billions of dollars amid a monthslong stock slump.

The judge in the Delaware case, Vice Chancellor Lori Will, determined that the blank-check company Digital World Acquisition Corp., or DWAC, underestimated the amount of stock that was due to ARC Global, as part of the merger that took Trump Media public in March.

https://www.cnbc.com/2024/09/17/djt-trump-media-stock-lawsuit-lockup.html

An investor in a trump company got screwed! Imagine my surprise.

 

[berg80]

Trump Media hits new 52-week low after DJT lockup restrictions expire​

Shares of Trump Media sank as much as 7% Friday, hitting a new 52-week low one day after “lockup” restrictions expired, which had previously prevented its majority shareholder, former President Donald Trump, and other early investors from selling their shares.

Trading volume was heavier than average on Friday, with about 15 million shares changing hands by 3:15 p.m. ET.

https://www.cnbc.com/2024/09/20/djt-trump-media-stock-selloff-lockup-.html

When does all the winning start?

 

[g5000]

Kind of a radical way to get your stocks to take off. Probably last a couple days, then will settle down again.
Boy if I would have just purchased some of this a few days ago. Today, I would be grinning from ear to ear.

Today, you would be crying in your soup.

 

[Orangecat]

Today, you would be crying in your soup.

The trick is to buy low and sell high, dingus.

 

[berg80]

The trick is to buy low and sell high, dingus.

The platform is losing millions of dollars a quarter. What makes it go higher? Besides, this whole enterprise was never about making money for shareholders. It was about easy money for a professional conman.

Friday’s sell-off extends DJT’s monthslong slump that has seen the stock down more than 65% since its most-recent high in July, which came after Trump survived an assassination attempt against him at a campaign rally in Pennsylvania.

 

[Orangecat]

The platform is losing millions of dollars a quarter. What makes it go higher?

Try reading the title of the thread.

 

[dudmuck]

 

[berg80]

Trump Media COO quits; DJT turns over more shares to SPAC investor in court fight​

Trump Media Chief Operating Officer Andrew Northwall resigned in late September, the company revealed in a regulatory filing Thursday.

In the same filing, former President Donald Trump’s social media company announced that it will release nearly 800,000 shares of its stock to an early investor in accordance with a recent order by a Delaware judge.

At Thursday’s closing price, those shares would be worth around $12.7 million.

The company, which trades on the Nasdaq as DJT, provided no explanation for Northwall’s resignation, but said it “plans to transition his duties internally.”

https://www.cnbc.com/2024/10/03/djt-coo-quits-trump-media-spac-shares-court-fight.html