In November, Trump Media & Technology Group (NASDAQ: DJT) shares experienced an 11% decline. Initially, the stock saw a brief surge following the election, reflecting a “buy the rumor/sell the news” phenomenon. However, the gains were short-lived as the stock traded negatively for most of the month. Trump Media, which owns Truth Social, generates minimal revenue and has become a symbol of the Trump campaign. Despite Trump’s election victory, investors remain uncertain about the stock’s future prospects.
The current price of DJT is $35.15, reflecting a decrease of 0.54% or $0.19. Today, the stock has fluctuated between a low of $34.61 and a high of $36.09. Over the past year, DJT has reached a high of $79.38 and a low of $11.75. The company’s market capitalization stands at approximately $7.62 billion, with a trading volume of 6,168,216 shares.
Trump Media is reportedly in advanced talks to acquire Bakkt, a cryptocurrency trading platform majority-owned by Intercontinental Exchange. This potential all-stock purchase aligns with Trump’s recent interest in cryptocurrency, and Trump Media is also considering launching its own crypto payment service. While the company is exploring new ventures, including a streaming service, its current lack of significant revenue generation leaves investors cautious. Nonetheless, there is potential for growth if Trump Media can effectively capitalize on the Trump brand and expand its business operations.
To view the company’s most recent earnings release, visit https://ibn.fm/gXLi8
About Trump Media & Technology Group Corp.
The mission of Trump Media & Technology Group is to end Big Tech’s assault on free speech by opening up the internet and giving people their voices back. Trump Media & Technology Group operates Truth Social, a social media platform established as a safe harbor for free expression amid increasingly harsh censorship by Big Tech corporations. For more information, visit the company’s website at www.TMTGCorp.com.
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