Trump Media Stock Soars as Trump Returns to the White House

Shares of Trump Media & Technology Group Corp (DJT) have surged in the past month, fueled by Donald Trump’s return to the White House for a second term. The stock has rallied over 26.23% in the last month, with an investment of $1,000 in November 2023 now worth over $2,107. The surge follows Trump’s denial of rumors about selling his stake in the Truth Social parent company, emphasizing his commitment to the platform. Despite recent financial challenges, Trump Media’s market cap has now surpassed $6.9 billion.

Trump Media Stock Sees Big Buys From Hedge Funds Despite Recent Slump

Several prominent investment firms, including Blackrock, Vanguard, and State Street, increased their holdings in Trump Media & Technology Group (DJT) during the second quarter. This comes despite a recent decline in the stock price, potentially linked to Trump’s return to the rival platform X (formerly Twitter). The investment could be driven by the potential for value creation due to Trump’s political ambitions and the company’s expanding media offerings.

Trump’s $1.1B Stock Bonus ‘No-Lose’ Deal Raises Eyebrows

MarketWatch’s Brett Arends has criticized Donald Trump’s $1.1 billion stock bonus deal with Trump Media & Technology Group Corp. (DJT) as a “no-lose” situation for the former president. The deal increased Trump’s stake in the company to $3.7 billion shares. Arends pointed out that the bonus terms allow Trump to gain an additional $1.26 billion worth of DJT shares if the company meets certain performance milestones. However, DJT shares have been declining in recent weeks and reached Nasdaq for alleged short-selling activity.

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