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.

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Stock Forecasts

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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.

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