PSQ Holdings doubles in latest stock to rip higher on news of Donald Trump Jr.'s involvement

Published On Dec 3, 2024, 8:54 AM

PSQ Holdings, the parent company of the online marketplace PublicSquare, saw its stock soar by 130% in premarket trading after news broke that Donald Trump Jr. might join its board of directors. This surge follows a similar event last week when Trump Jr.'s board membership at another company led to a significant increase in their stock price. PSQ Holdings operates in the commerce and payments space and has been dealing with operational losses despite generating some revenue in previous quarters.

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The involvement of a high-profile individual like Donald Trump Jr. can drive significant investor interest and speculation, potentially leading to further stock price increases in the short term. However, the company’s ongoing operational losses and microcap status create inherent risk.

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