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Trump Media shares plummet more than 5% as hot streak for DJT ticker stalls - TL;DR CNBC

Trump Media shares plummet more than 5% as hot streak for DJT ticker stalls

Publishing timestamp: 2024-05-01 11:59:10


Summary

Trump Media shares fell after briefly rising above $50 per share, despite recent increase. Former President Trump received additional shares as bonus. Short interest in DJT shares is high, with increasing stock borrow fees for short sellers. Short covering has increased in recent weeks. Apple reports earnings soon.


Sentiment: MIXED

Tickers: DJT

Keywords: marketsdonald trumpbusinesstrump media & technology group corpbreaking news: politicsbreaking news: marketspoliticssocial mediabusiness news

Source: https://www.cnbc.com/2024/05/01/djt-shares-crack-50-as-trump-media-continues-stock-bounce-back.html


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