NASDAQ:DJT - Nasdaq - US25400Q1058 - Common Stock - Currency: USD
Now that President Donald Trump is back in the Oval Office, it's a good time to evaluate whether it makes sense to invest in his company, Trump Media & Technology Group (NASDAQ: DJT). Understanding if the company's stock is a buy requires taking a closer look at Trump Media, especially since shares are currently well above the 52-week low of $11.75 reached last September when the winner of the presidential election was far from certain. Understanding Trump Media's business is the first step to evaluating its investment worthiness.
Trump Media & Technology Group Corp (NASDAQ:DJT) shares closed Tuesday down more than 11% following U.S. President Donald Trump’s inauguration.
In December, President Trump transferred $4 billion worth of shares he owned in the company to a trust in which his son Donald Trump Jr. is the sole trustee.
President Trump launched the $TRUMP meme coin on Friday.
U.S. stocks could open on a positive note on Tuesday after Donald Trump's inauguration as the 47th President of the U.S. on Monday.
Donald Trump returns to the White House on Jan. 20 and Trump Media stock is galloping higher as it looks to shed its meme stock reputation.
If the transaction occurs, Wedbush’s Daniel Ives expects ByteDance to sell TikTok to Elon Musk’s X without the algorithm for $40 billion to $50 billion.
Trump recently transferred $4 billion worth of shares he owned in the Trump Media to a trust in which his son Donald Trump Jr. is the sole trustee.
Trump Media & Technology Group Corp (NASDAQ:DJT) stock is trading lower on Tuesday. The dip in the Truth Social parent stock comes as a New York judge has ruled that Donald Trump will be sentenced on January 10, 2025, just days before his inauguration as President of the United States. This decision follows repeated delays in the case, in which the court found Trump guilty of 34 felony counts of falsifying business records, setting a precedent for a former president. The sentencing, stemming fro
The move comes after Trump said in November that he had no intention of selling his shares in the company, which owns the Truth Social media platform. Trump transferred 114.75 million shares, or 53% of Trump Media & Technology Group's outstanding stock, to the revocable trust of which he is the sole beneficiary, according to securities filings.