Trump Media & Technology Group (NASDAQ: DJT), the parent company of Truth Social, has been quite a volatile stock ever since it started trading in late March of 2024. Soon after, it became apparent that DJT stock wouldn’t trade in accordance with its fundamentals, or even its growth prospects — but as a reflection of public sentiment surrounding then-candidate and now-President Donald Trump.Double-digit surges and crashes aren’t anything out of the ordinary for Trump Media stock. On November 18, the announc ...

Shares of Trump Media, the parent of social media app Truth Social, surged on Tuesday after announcing plans to expand into financial services. The company's stock climbed as much as 17% in premarket trading on the news.Trump Media said in a press release that its board approved an investment of up to $250 million to be custodied by Charles Schwab. "We look forward to launching Truth.Fi, introducing TMTG’s investment vehicles, and unlocking synergies," said TMTG CEO Devin Nunes. "Truth.Fi is a natural expan ...

Core Insights - Trump Media and Technology Group (TMTG) is expanding into financial services with a new division called Truth.Fi, which will focus on investment vehicles [2][3] - The company plans to start with an initial investment of up to $250 million, which will be managed by Charles Schwab and allocated to customized exchange-traded funds and cryptocurrencies [2] - TMTG aims to create a robust ecosystem for American conservatives to protect themselves from perceived threats from big tech and financial institutions [3][5] Company Developments - Truth.Fi will launch products and services, including its own investment vehicles, later this year [2] - The expansion into financial services is seen as a natural progression from the company's existing offerings, which include a social media platform and a TV streaming service [3] Market Reaction - Shares of TMTG, trading under the ticker DJT, experienced a more than 15% increase in premarket trading following the announcement of the new financial services division [1]

TMTG Launches Truth.Fi Brand, Plans to Build Investment Vehicles Based on America-First Principles SARASOTA, Fla., Jan. 29, 2025 (GLOBE NEWSWIRE) -- Trump Media and Technology Group Corp. (Nasdaq: DJT) (“TMTG”), operator of the social media platform Truth Social and the video streaming platform Truth+, is announcing today that the company’s board of directors has approved a financial services and financial technology strategy, which will include the launch of the financial services and FinTech brand Truth. ...

Trump Media (DJT -2.50%) stock saw a significant valuation pullback over the last week of trading. The company's share price closed out the weekly session down 18.3%, according to data from S&P Global Market Intelligence. The sell-off came despite a 1.7% gain for the S&P 500 index and a 1.6% gain for the Nasdaq Composite index.Trump Media stock lost ground over the last week due to a "buy the rumor, sell the news" dynamic following President Trump's inauguration. The company's share price also appears to ha ...

Facebook owner Meta has denied claims from some users that they have been "forced" to follow social media accounts belonging to the Trump administration.Users on Facebook and Instagram have claimed they found they were "automatically" following the official accounts of Donald Trump and JD Vance following their inauguration on Monday. The claims come after Mark Zuckerberg's Meta made a number of policy changes to its social media apps which better aligned them with the Trump administration.But Meta has denie ...

Coral Gables, Florida--(Newsfile Corp. - January 23, 2025) - America's much-revered founders started an imperfect republic with democratic attributes, which accommodated amendments and led to a more perfect union of federalist states. As our constitution evolved, voting rights expanded and information became publicly available. At the same time, individuals and entities with special interests began to influence the legislative process by funding the election campaigns of politicians, who became dependent o ...

President Donald Trump’s social-media stock is dropping in his first hours back in office.  Shares of Trump Media & Technology Group (DJT), which owns the Truth Social platform, were recently down 10% at about $36. They’ve mostly fallen since touching January highs above $40 and pre-election highs above $50, though they’re up for the year and well above lows they touched earlier in the fall.  The latest moves come as traders seek to position themselves for the start of a new administration. Since Trump’s r ...

Stock Performance and Volatility - DJT shares surged by 9.6% on January 13, reaching $39.29, despite a broader market downturn [1] - The stock retraced to $39.35 on January 14, reflecting an 8.30% decline [1] - DJT remains 8.67% higher over the past five days and 15.67% year-to-date [2] - The stock has traded within a wide range of $32.75 to $43.31 over the past month, currently sitting in the middle of that band [2] Technical Analysis - Trading volume has significantly slowed over the past few days, a concerning sign for bullish traders [3] - Support is identified around $34.61, with a support zone between $33.47 and $34.01 [3] - Resistance is noted at $39.36 (weekly time frame) and $42.92 (daily time frame) [3] - Pre-market DJT price is $40.74, reflecting a 3.53% increase [3] Market Sentiment and Speculation - DJT stock is driven by market sentiment and political speculation rather than financial fundamentals [7] - The stock is seen as a volatile play, with potential for both pullbacks and further upside [7] - Many investors view the current run-up as speculative, with potential profit-taking around Inauguration Day on January 20 [6] Price Predictions - There are no analyst ratings or price forecasts available for DJT due to its speculative nature [5] - Market analyst Jon Markman has forecasted a potential price target of $55, citing the stock's momentum and historical performance during key political events [5][6] Future Outlook - The next few weeks, leading up to Inauguration Day, may set the tone for DJT's performance in the coming months [8]

Core Viewpoint - Trump Media's stock has experienced significant volatility, with a notable decline of 7.5% in a single trading session, reflecting market reactions to political events surrounding the incoming administration [1][2][3]. Stock Performance - The stock saw substantial gains prior to the recent decline, rising 16.5% year to date despite the pullback [5]. - Earlier trading sessions indicated a drop of up to 11% during the day, highlighting the stock's volatility [1]. Political Context - The decline in stock price coincided with Senate confirmation hearings for Pete Hegseth, Donald Trump's nominee for defense secretary, which have been contentious and closely watched [2][3][4]. - Analysts suggest that while the confirmation process may not directly impact Trump Media's business fundamentals, it could lead to short-term stock price fluctuations [4]. Financial Performance - Trump Media reported a modest sales figure of $1 million in its last quarterly report, alongside interest income of $4.7 million, but also a net loss of $19.2 million [6]. - The company's market capitalization stands at approximately $8.5 billion, indicating a valuation that anticipates significant future growth in sales and earnings [7]. Future Outlook - Investors are speculating on potential growth avenues for Trump Media, including possible ventures into cryptocurrency and expansion of its social media and streaming services [7]. - The current stock valuation is heavily dependent on anticipated growth, which presents inherent risks at present price levels [7].