DJT stock continues rally after Trump announces 'no intention' to sell shares

Published On Nov 11, 2024, 8:58 AM

Trump Media & Technology Group (DJT) saw its stock rise significantly after Donald Trump announced he has no intention of selling his shares in the company. This announcement sparked a rally, with premarket trading showing a jump of 7% following a prior increase of 15%. Trump holds about 60% of the company, which recently posted a net loss for the third quarter, yet the stock fluctuates widely based on Trump's political fortunes and election outcomes.

Read full article

Stock Forecasts

DJTView DJT chart on TradingView

Negative

The stock's recent rally appears driven by Trump's personal stake and political momentum following his victory in the presidential election. However, the company's fundamentals are shaky, reporting a significant net loss and declining revenue, which suggests long-term volatility rather than sustainable growth.

Related News

Stock market today: Dow, S&P 500 cap best week of year with records as post-election rally rolls on

Nov 8, 2024, 4:03 PM

The Dow crossed 44,0000 for the first time ever as stocks were on track for their best week in a year on optimism that President-elect Donald Trump's policies will boost the economy.

TSLA
DJT
ABNB

DJT stock climbs after Trump says he will not sell shares

Nov 8, 2024, 10:50 AM

DJT stock surged after Donald Trump said he would not sell his shares in the company, the home of Trump's social media platform, Truth Social.

DJT

Stock market today: S&P 500 eyes 6,000 mark as Wall Street heads for best week in a year

Nov 8, 2024, 10:33 AM

Stocks are poised for a downbeat end to a stellar week of gains driven by optimism that President-elect Donald Trump's policies will boost the economy.

SONY
DJT
NVDA