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Stock impact report

Trump Media's wild rollercoaster ride: Why volatile DJT stock is gaining steam [USA TODAY]

Trump Media & Technology Group Corp. (DJT) 
Company Research Source: USA TODAY
Trump Media & Technology Group rose for the third straight trading day, closing up 9% to $36.37. On Monday, shares, which trade under the vanity ticker DJT on the Nasdaq, jumped 21% to close at $33.52. The stock rally comes after weeks of steep declines that cut the stock price in half and knocked shareholders for a loop. Contributing to the sagging share price was last week's news that early investors could potentially sell tens of millions of shares – a development previously warned could result “in a significant decline in the public trading price of our common stock.” Trump and other insiders are restricted from selling stock until September unless the board waives that restriction or moves up the lock-up period. Trump Media & Technology Group stock's wild swings The development only added to the uncertainty that has surrounded the Trump Media stock since it began trading in March after the merger with shell company Digital World Acquisition Corp. Trump Media put a posi Show less Read more
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