DJT stock extends surge in volatile trading as Trump, Harris election nears
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
It's all a fucking grift for this fucking goniff.
moniss
(6,077 posts)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
(570 posts)mdbl
(5,494 posts)Bernie Madoff for one example. Enron for another.
Ray Bruns
(4,691 posts)Of odorous excrement in the history of capitalism.
FredGarvin
(570 posts)BadgerKid
(4,689 posts)FredGarvin
(570 posts)The SEC is silent.
Trump is going to make billions on this obvious scam when he exercises his option contracts
Bernardo de La Paz
(51,095 posts)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
Thats especially remarkable given DJTs earningsit 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
(23,742 posts)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
(51,095 posts)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
(23,742 posts)$500,000,000 loss is not chicken feed.
Javaman
(63,165 posts)classic pump and dump
lots of idiots and morons will be left holding the bag
Bernardo de La Paz
(51,095 posts)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
(266 posts)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