DJT stock extends surge in volatile trading as Trump, Harris election nears

[AZLD4Candidate]

Source: Yahoo Finance via AOL News

Trump Media & Technology Group stock (DJT) was briefly halted several times in early trading on Tuesday, but shares still managed to extend their five-week surge, rising around 10%.

The volatile stock moves come as investors bet on improved chances that Donald Trump will win the November presidential election, set for a week from Tuesday.

Tuesday's gains built on a more than 21% gain Monday following the former president and Republican nominee's highly criticized rally at Manhattan's Madison Square Garden (MSG) over the weekend. At current levels, the stock is trading at its highest level since May, with shares up about 270% from their September lows.

Trump's rally sparked backlash from both sides of the political aisle after comedian Tony Hinchcliffe made inflammatory jokes about Latinos and the Black community, while anti-immigration comments also dominated headlines.

Read more: https://www.aol.com/finance/djt-stock-skyrockets-following-donald-152436260.html

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It's all a fucking grift for this fucking goniff.

[moniss]

1. Meanwhile the SEC looks on and sees

nothing fishy happening here. Hey SEC it's called stock price manipulation with crooked money for crooked people. Just giving them a hint of a direction to go. Not that they will.

[FredGarvin]

5. Political Contributions

[mdbl]

15. They aren't too swift at the SEC

Bernie Madoff for one example. Enron for another.

[Ray Bruns]

2. Whoever is buying this stock is going to be left holding the biggest bag

Of odorous excrement in the history of capitalism.

[FredGarvin]

4. Offshore accounts registered to Delaware companies most likely

[BadgerKid]

6. Left holding, or just donating? n/t

[FredGarvin]

3. DJT is up 440% in a month

The SEC is silent.

Trump is going to make billions on this obvious scam when he exercises his option contracts

[Bernardo de La Paz]

7. Valuation about $10 billion, which is same as Forbes valuation of X/Twitter

Of course, the only value DJT stock has is the tRump brand. It will collapse.

https://www.marketwatch.com/articles/djt-stock-price-halt-trump-media-truth-social-67f26b30?mod=mw_quote_news

Trump Media’s $9.5 billion market value as of Monday’s close puts it in the same ballpark as X, the social media site formerly known as Twitter that Elon Musk took private. Although X is no longer publicly traded, investment group Fidelity still has a stake in the firm. It published the values of its holding regularly, with the latest estimates putting X’s worth at just under $10 billion, according to Forbes magazine.

That’s especially remarkable given DJT’s earnings—it reported a $16 million loss in the second quarter on less than $1 million in revenue. Twitter, before Musk bought it for $44 billion in October 2022, was pulling in more than $1 billion in revenue each quarter.

[louis-t]

9. The company has lost around $60 billion in 2 years, I believe.

Anyone buying the stock is "buying air" as my brother used to say about the dot coms, right before they collapsed.

[Bernardo de La Paz]

11. Trump Media has lost less than half a billion in two years. You are thinking of X/Twitter

X/Twitter is not traded on the stock market. It is an estimate that it's capital valuation has lost over 75% of what Musk paid for it, lost $30 billion value. But he did a deal with Middle East money for more than half, I think.

[louis-t]

13. Had my number wrong, but

$500,000,000 loss is not chicken feed.

[Javaman]

8. I have a feeling that those who know better are going to be buying short Monday.

classic pump and dump

lots of idiots and morons will be left holding the bag

[Bernardo de La Paz]

12. It's "buy long", "sell short" . Otherwise, I agree with you about idiots and morons

But it is not a classic pump and dump, as far as I know, because I know of no notable entity touting and praising the stock.

It's a meme stock, so a crowd madness.

[4catsmom]

10. I read somewhere trading was halted

due to the up and down activity today. I think it's speculators who want to take advantage of the idiots who think he's going to win and the stock will take off

[Wonder Why]

14. I guess that mean my offer to buy 10 shares at a dime a share will have to wait another week.