Trump Media, the parent company of Truth Social, is currently facing a decline in its stock value on the NASDAQ, trading under the symbol DJT. This decline follows the announcement that President-elect Donald Trump has transferred his stake in the company to a trust. This move is a notable change from his previous stance in November, where he stated he had no plans to sell his shares.
The stock price of DJT is approximately $34.27, marking a decrease of about 5% or $1.81. This drop in value reflects the market's reaction to Trump's decision to transfer his shares. The stock has seen fluctuations today, with a low of $33.41 and a high of $35, indicating some volatility in investor sentiment.
Over the past year, DJT has experienced significant price swings, reaching a high of $79.38 and a low of $11.75. This wide range highlights the stock's volatility and the market's varying perceptions of the company's value. The current market capitalization of Trump Media is approximately $7.44 billion, which provides a snapshot of the company's overall value in the market.
The trading volume for DJT is 3,914,922 shares, suggesting active investor interest and engagement with the stock. This level of trading activity can influence the stock's price movements and reflects the market's response to recent developments regarding Trump's stake in the company.
Symbol | Price | %chg |
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035420.KS | 196700 | 2.9 |
035720.KS | 42200 | 7.35 |
0700.HK | 504 | -0.5 |
4689.T | 516.7 | 0 |
Trump Media, known for its media ventures, is expanding into the financial services and FinTech sector with the launch of Truth.Fi. This platform will focus on cryptocurrency and customized exchange-traded funds (ETFs). It will offer separately managed accounts, ETFs, and bitcoin investments. Charles Schwab will provide advisory services on investments and strategy. Trump Media plans to invest up to $250 million of its $750 million assets with Schwab.
The launch of Truth.Fi aligns with Trump Media's broader strategy to create an ecosystem that protects American patriots from threats like cancellation and censorship. CEO Devin Nunes emphasizes this initiative as part of a series of crypto-related projects, including a meme coin accepted by some Trump-branded product sellers. This move reflects a growing interest in digital assets and their potential to offer financial freedom.
The timing of Truth.Fi's launch coincides with a shift in the White House's stance towards digital asset regulation. The administration is adopting a more pro-crypto approach, influenced by significant corporate donations from crypto companies during the last election. An executive order mandates a comprehensive draft of federal regulations for crypto, exploring a national digital asset stockpile while banning central bank digital currencies (CBDCs).
This change in policy has impacted investment firms, with Andreessen Horowitz closing its U.K. office to focus on the American crypto sector. This reflects a belief that the U.S. is becoming a more favorable environment for blockchain innovation. Trump Media's move into the financial sector with Truth.Fi is timely, as the U.S. becomes more supportive of digital assets.
On the NASDAQ:DJT, the current price is $31.62, showing a slight increase of 0.06% or $0.02. The stock has fluctuated between $31.31 and $31.99 during the trading day. Over the past year, DJT has seen a high of $79.38 and a low of $11.75. The company has a market capitalization of approximately $6.86 billion, with a trading volume of 1,427,705 shares.
Trump Media & Technology Group (NASDAQ:DJT), known for its ownership of the Truth Social platform, is experiencing notable market activity. The company, which has been a focal point for investors due to its association with former President Donald Trump, is navigating a volatile stock environment. Despite recent fluctuations, DJT remains a significant player in the media and technology sector.
In the wake of President Trump's return to office, DJT shares have seen a 10% decline, trading around $36. This drop is part of a broader trend, with prices falling from January highs above $40 and pre-election peaks over $50. However, the stock remains up for the year, significantly above its fall lows, indicating some resilience in the market.
Currently, DJT is priced at $34.39 on the NASDAQ, marking a 2.50% increase or $0.84 gain. The stock has fluctuated between $33.63 and $34.64 today, reflecting ongoing volatility. Over the past year, DJT has seen a high of $79.38 and a low of $11.75, showcasing its dynamic price range.
The market is adjusting to the new administration, with "Trump Trades" emerging. These trades show optimism in oil shares, financial institutions, and companies with pending deals, while caution is observed towards inflation, vaccine manufacturers, and government contractors. U.S. indexes are generally higher, and cryptocurrencies like bitcoin and memecoins are attracting investor interest.
Despite a market capitalization of approximately $7.46 billion and a trading volume of 4,098,895 shares, DJT's stock is a smaller part of the broader market narrative. Analysts from VandaTrack have warned of potential "sell-the-news" actions post-inauguration, suggesting that institutional investors might be using retail traders as exit liquidity, potentially leading to muddled prices.
Trump Media & Technology Group Corp. (NASDAQ: DJT) is the company behind the Truth Social social media network. As the inauguration of President-elect Donald Trump nears, DJT's stock is experiencing notable volatility. The stock initially saw a strong upward movement earlier this week, but has since started to decline. This fluctuation is closely tied to the political climate surrounding the upcoming inauguration.
Currently, DJT's stock price on the NASDAQ is $41, marking a slight change of $0.17 or 0.4164% from the previous session. The stock has shown a range of movement today, with a low of $40.01 and a high of $42.85. This indicates a level of uncertainty among investors as they react to the political developments.
Over the past year, DJT has experienced significant highs and lows, with a peak of $79.38 and a low of $11.75. This wide range reflects the stock's volatility and the market's response to various events related to the company and its political associations. The company's market capitalization is approximately $8.89 billion, highlighting its substantial presence in the market.
The trading volume for DJT is 5,798,100 shares, suggesting active investor interest and engagement. This level of trading activity can contribute to the stock's price fluctuations, as investors buy and sell shares in response to news and market conditions. As the inauguration approaches, DJT's stock is likely to continue experiencing volatility.
Trump Media and Technology Group, listed on the NASDAQ as DJT, is experiencing notable stock volatility due to political developments involving President-elect Donald Trump. The company's stock is highly sensitive to Trump's political statements, such as his recent comments on Greenland and the Panama Canal. These events have led to significant fluctuations in DJT's share price.
Currently, DJT's stock price is $34.30, marking a decrease of 2.61% or $0.92. The stock has shown volatility today, with a low of $33.89 and a high of $34.87. This reflects the market's reaction to Trump's political statements, which can cause rapid changes in investor sentiment and stock performance.
Over the past year, DJT's stock has experienced a wide range, reaching a high of $79.38 and a low of $11.75. This indicates the stock's susceptibility to external factors, particularly political events. The company's market capitalization is approximately $7.44 billion, highlighting its significant presence in the market despite the fluctuations.
The trading volume for DJT is 1,051,277 shares, suggesting active investor interest and engagement. This level of trading activity can amplify the stock's sensitivity to political developments, as investors react quickly to news and statements from Trump.
Democratic Representative Morgan McGarvey recently made headlines with a trade involving Trump Media stock (NASDAQ:DJT), a company linked to President-elect Donald Trump. The trade occurred on November 6, 2024, just after the presidential election. This timing was notable as it coincided with provisional results indicating Trump's re-election. McGarvey, known for opposing Trump's policies, claimed the purchase was made without his or his spouse's knowledge and sold the stock two days later at a 7% loss.
DJT stock, currently priced at approximately $37.90, has seen a decrease of about 1.57%, with a $0.60 drop today. The stock has fluctuated between $37.02 and $38.83 during the trading day. Despite a recent rally of over 2% in the past 24 hours, DJT's performance has not matched the significant rallies seen in other equities post-election, with only a 4% increase over the past month.
The stock's performance is heavily influenced by sentiment surrounding Trump, which may not be sustainable long-term. Over the past year, DJT has experienced a high of $79.38 and a low of $11.75. Key insiders and institutional investors have been liquidating their stakes, affecting its price movement. Despite this, DJT's market capitalization stands at approximately $8.22 billion, with a trading volume of 5,678,184 shares, indicating potential for growth if the stock aligns with its underlying fundamentals.
McGarvey's disclosure was part of a series of trades, including transactions in major companies like Nvidia (NASDAQ: NVDA), Tesla (NASDAQ: TSLA), and Shell. Notably, he made a significant investment in Tesla shares just before the election, purchasing them at prices between $232 and $260 per share on October 25, 2024, ahead of a post-election rally.
Trump Media & Technology Group (NASDAQ:DJT), a media and technology company primarily owned by Donald Trump, experienced a more than 6% drop intra-day today after a New York jury found the former US President guilty in the high-profile hush money case.
After two days of deliberation, the jury convicted Trump of falsifying documents to conceal a payment made to silence a porn star before the 2016 election.
Judge Juan Merchan scheduled sentencing for July 11, just days before the Republican National Convention begins on July 15, where Trump is expected to be officially nominated for president.
Since its initial public offering (IPO) in March, DJT stock has garnered significant attention from Trump supporters and speculators, with shares rising as much as 59% on their Nasdaq debut.