Trump Media Stock Takes a Dive Amid Election Volatility: Will DJT Soar or Crash in 2024?

Shares of Trump Media & Technology Group Corp. (DJT) are experiencing a rollercoaster ride ahead of the 2024 U.S. presidential election. The company’s stock is closely tied to former President Trump’s political prospects, with analysts predicting a surge if he wins but a potential crash if he loses. Meanwhile, rumors of a potential merger with Elon Musk’s X platform add another layer of intrigue to the volatile situation.

Trump Media Stock Soars as Short Squeeze Looms Ahead of Election

Shares of Trump Media & Technology Group (DJT) have skyrocketed in recent weeks, fueled by speculation surrounding former President Donald Trump’s 2024 presidential bid. Experts believe a potential short squeeze, driven by Trump’s significant ownership stake and a large short interest, could further boost the stock’s price, especially if Trump wins the election. However, the stock’s future remains uncertain, with the possibility of a sharp decline if Trump loses.

Supreme Court Rejects Michael Cohen’s Lawsuit Against Donald Trump, Boosting Trump Media Stock

The U.S. Supreme Court has dismissed former Trump lawyer Michael Cohen’s lawsuit alleging retaliation from former President Donald Trump over a tell-all book. The decision upholds a previous ruling that limited individuals’ ability to sue federal officials for constitutional violations. This development has positively impacted shares of Trump Media & Technology Group Corp, with DJT shares trading higher following the news.

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