Trump Media shares soar in second day of strong gains for DJT stock
Publishing timestamp: 2024-04-18 12:29:49
Summary
The share price of Trump Media soared by more than 20% before pulling back in volatile trading, marking the second day of strong gains for the owner of the Truth Social app. Former President Donald Trump owns nearly 60% of Trump Media's stock. The increase in share price could squeeze short sellers who have bet on the stock price falling. The company also updated its website to give shareholders tips on avoiding their stock being loaned to short sellers.
Sentiment: MIXED
Tickers: DJT,
Keywords: trump media & technology group corp, breaking news: politics, business news,