Down 81%, Trump Media Stock Could Still Head Lower. Here's Why. [Yahoo! Finance]
Similarweb Ltd. Ordinary Shares (SMWB)
Company Research
Source: Yahoo! Finance
Never before have people been able to buy shares of a company named for and backed by a major presidential candidate. However, that dynamic has meant that Trump Media moves more in response to Donald Trump's election prospects than to news about the underlying business, and the stock has been declining steadily since Vice President Kamala Harris entered the race. The chart below shows the stock's performance since it went public through a special purpose acquisition company ( SPAC ) merger on March 26. As you can see, it's down 81% during that time. With the presidential race neck-and-neck, according to some polls, some investors may see an opportunity for Trump Media to make a recovery if his prospects improve. But Trump's political fortunes are not the only thing moving the stock, and the stock could still move a lot lower from here. Let's look at a few reasons why. 1. The stock still looks seriously overvalued Trump Media's primary business, the Truth Social social media
Show less
Read more
Impact Snapshot
Event Time:
SMWB
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
SMWB alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
SMWB alerts
High impacting Similarweb Ltd. Ordinary Shares news events
Weekly update
A roundup of the hottest topics
SMWB
News
- Similarweb announces exercise of underwriters' option to purchase additional shares [Seeking Alpha]Seeking Alpha
- Similarweb Ltd. Announces Full Exercise of the Underwriters’ Option to Purchase Additional Ordinary SharesBusiness Wire
- Similarweb Ltd. Announces Closing of Secondary Offering by a Selling Shareholder [Yahoo! Finance]Yahoo! Finance
- Similarweb Ltd. Announces Closing of Secondary Offering by a Selling ShareholderBusiness Wire
- Similarweb Ltd. Announces Pricing of Secondary Offering by a Selling ShareholderBusiness Wire
SMWB
Earnings
- 8/6/24 - Beat
SMWB
Sec Filings
- 9/18/24 - Form 6-K
- 9/16/24 - Form 6-K
- 9/13/24 - Form 6-K
- SMWB's page on the SEC website