Tracking DJT stock

Trump Media shares fall nearly 10% after DJT plunge triggers trading halt​



“Trump Media shares closed down nearly 10% Tuesday, after a wild trading session that was briefly halted due to volatility when the Truth Social owner’s stock suddenly plunged in price.

DJT shares, which had been up more than 13% earlier Tuesday afternoon, abruptly turned more than 6% lower on the day at the time the halt occurred. Trump Media continued to fall after the five-minute trading halt lifted at 2:47 p.m. ET.

… Trump Media settled at $27.06 per share.

The stock price whipsawed during an extremely volatile trading session in which more than 97 million shares traded hands — multiple times the company’s 30-day average trading volume. …”
 
nycfan said:

Trump Media shares fall nearly 10% after DJT plunge triggers trading halt​



“Trump Media shares closed down nearly 10% Tuesday, after a wild trading session that was briefly halted due to volatility when the Truth Social owner’s stock suddenly plunged in price.

DJT shares, which had been up more than 13% earlier Tuesday afternoon, abruptly turned more than 6% lower on the day at the time the halt occurred. Trump Media continued to fall after the five-minute trading halt lifted at 2:47 p.m. ET.

… Trump Media settled at $27.06 per share.

The stock price whipsawed during an extremely volatile trading session in which more than 97 million shares traded hands — multiple times the company’s 30-day average trading volume. …”
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I just have a feeling Nunes will be in jail over this within the next five years. Unless Trump wins, of course.
 
DJT stock up another 20% today. It has been on a roll for two weeks. I am beginning to think that Elon must now be the 2nd largest shareholder.

It is possible that it is just dumb money buying this colossal failure of a company on hopes of it becoming hugely successful with a Trump win, and the race is much tighter after Harris' and the Dems initial bounce back. I still don't think a Trump win makes "Truth" a viable ongoing concern, unless done so illegally, or in cahoots with Elon or a buyout from him.
 
Kraftyheel89 said:
DJT stock up another 20% today. It has been on a roll for two weeks. I am beginning to think that Elon must now be the 2nd largest shareholder.

It is possible that it is just dumb money buying this colossal failure of a company on hopes of it becoming hugely successful with a Trump win, and the race is much tighter after Harris' and the Dems initial bounce back. I still don't think a Trump win makes "Truth" a viable ongoing concern, unless done so illegally, or in cahoots with Elon or a buyout from him.
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I don't think its MAGAs investing their beer and cigarette money that is pumping the stock.

I think it is Putin, Elon, Saudis , and other somewhat smaller whales hoping to curry favor in a Trump presidency...
 
Trading halted briefly for volatility.


"...The company, which trades as DJT on the Nasdaq, was halted for five minutes at 9:36 a.m. ET, when shares were trading up around 14%.

Trading was halted a second time at 9:42 a.m., with shares up nearly 9%. The company was halted again at 9:50 a.m.

Nearly 16 million shares of Trump Media changed hands in the first 10 minutes of the trading day. By 10:15 a.m., the company had already surpassed its 30-day average trading volume of 35.1 million shares. ..."
 
nycfan said:
Trading halted briefly for volatility.


"...The company, which trades as DJT on the Nasdaq, was halted for five minutes at 9:36 a.m. ET, when shares were trading up around 14%.

Trading was halted a second time at 9:42 a.m., with shares up nearly 9%. The company was halted again at 9:50 a.m.

Nearly 16 million shares of Trump Media changed hands in the first 10 minutes of the trading day. By 10:15 a.m., the company had already surpassed its 30-day average trading volume of 35.1 million shares. ..."
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One of three things will be happening in about 12 months --

1. DJT investors will be riding high because Trump has won and is squeezing out competitors.
2. DJT investors will be writing off massive losses on their 2025 taxes.
3. DJT executives, and potentially some investors, will be dealing with SEC investigations and possible criminal charges.

I'd rank the odds of those happening as (2), closely followed by (3), with (1) getting lapped by the field.
 


Trump’s social media company is now worth more than Musk’s X after recent surge in stock price​

 
I'd love to see the mean IQ of the people holding shares of this shitshow.


After a ridiculous spike over the past five weeks that had absolutely nothing to do with the company’s actual business, former President Donald Trump’s social media stock is suffering a sudden setback.

Truth Social owner Trump Media & Technology Group’s share price plunged 22.3% on Wednesday. That marks Trump Media’s worst one-day loss since going public in March, narrowly exceeding a loss of 21.5% on April 1.

At Tuesday’s close above $51, Trump’s dominant stake in the company was valued at about $5.9 billion. By the end of trading on Wednesday, the value of Trump’s shares tumbled to $4.6 billion. That means Trump lost $1.3 billion in net worth in a single day.
 
This stock should not be listed on a major exchange. It isn't a stock at all. It's a way for people to bet money on coin tosses. The underlying value is zero and everyone with a brain knows that. So all the trading is just short-term stochastic noise. That's why it's so volatile; it's going to keep being volatile; and if they have to stop trading once or twice a week, maybe it shouldn't be listed?
 
superrific said:
This stock should not be listed on a major exchange. It isn't a stock at all. It's a way for people to bet money on coin tosses. The underlying value is zero and everyone with a brain knows that. So all the trading is just short-term stochastic noise. That's why it's so volatile; it's going to keep being volatile; and if they have to stop trading once or twice a week, maybe it shouldn't be listed?
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Agree. The only question to me is whether the volatility will eventually result in securities fraud charges against Nunes, Trump, etc. Trump's made some dumb comments already, but he seems to have some sense of how far he can go. I'll just be surprised if this doesn't end up being a massive liability -- civil, criminal, or both -- for everyone involved before the story ends.
 
lawtig02 said:
Agree. The only question to me is whether the volatility will eventually result in securities fraud charges against Nunes, Trump, etc. Trump's made some dumb comments already, but he seems to have some sense of how far he can go. I'll just be surprised if this doesn't end up being a massive liability -- civil, criminal, or both -- for everyone involved before the story ends.
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Rules for thee, not for me.
 
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