Trump Media stock jumps after Trump says he's 'not selling' shares
Published On Sep 13, 2024, 3:28 PM
Donald Trump confirmed he will not be selling his shares in Trump Media & Technology Group (DJT) anytime soon, stating that he loves the company and intends to keep posting on his Truth Social account. His comments led to a noticeable spike in DJT stock, which jumped to approximately $20.86 per share before closing at $17.97, reflecting an 11.97% gain. Despite this surge, the stock remains significantly below its 52-week high of $79.38. The company's stock has been volatile, particularly following recent political events and debates.
Stock Forecasts
DJT
Positive
Given Trump's strong reaffirmation of his commitment to the company and continued engagement on his social media platform, investor sentiment may remain positive in the short term. However, the stock is still vulnerable to market fluctuations and shifts in political landscape.
Related News
DJT stock extends gains as investors assess Elon Musk support, Harris media appearances
Oct 8, 2024, 2:46 PM
Shares of Trump Media & Technology Group surged double digits on Monday after Elon Musk made a surprise appearance at Donald Trump's rally in Butler, Pa., over the weekend.
DJT stock surges following Elon Musk cameo at Trump rally
Oct 7, 2024, 12:13 PM
Shares of Trump Media & Technology Group surged double digits on Monday after Elon Musk made a surprise appearance at Donald Trump's rally in Butler, Pennsylvania over the weekend.
DJT stock plummets to new lows after lockup period expires
Sep 23, 2024, 1:48 PM
Trump maintains a roughly 60% stake in Trump Media & Technology Group, which trades on the Nasdaq under the ticker symbol "DJT."