1st DJT stock price today: Trump Media shares skyrocketed after assassination attempt
DJT stock price today: Trump Media shares skyrocketed after the assassination attempt stock price of Trump Media & Technology Group Corp. (ticker: To be precise, the stock of the president’s favorite company, or so it seems, (ticker symbol: DJT) is on the rise early Monday morning trading session, as far as this article’s writing time. Today plans to open the markets for the first time after the attempt on the life of the former head of state Donald Trump. Here is what you have to remember:
DJT stock price today
THE ASSASSINATION
On July 13, which was a Saturday, gunmen fired at the former president while campaigning near Butler, Pennsylvania. An injury to Trump’s ear was inflicted, though the former president was mostly uninjured. It is noteworthy that three civilians were also injured; one of the spectators died from the wound.
Authorities report that the suspect’s possible agenda has not been established; and the FBI reports that, in the course of the attack, the shooter did not seem to have any accomplices. Beside the former president, the gunman was also hit and another shot came from a Secret Service sniper.
DJT stock price today SHARES SKYROCKET
At the time of writing this on Monday morning, the TMTG’s shares are on the rise, especially in pre-market trading. The stock price for DJT company has tremendously increased and is now at over $46 which is nearly a 50% increase from before. This includes a prediction that shares in DJT would close at $30 before they did the same at the rate of $10. 106 to $88 per share the next business day after the failed assassination attempt on Friday, July 12.
TMTG was established in 2021 by the physical person who used to serve as the president. It also has Truth Social, the social media platform created by Trump. On 10th October 2021, TMTG joined forces with the special purpose acquisition company Digital World Acquisition Corp. where TMTG was taken public in March 2024. There is information about TMTG stock which is now listed on the Nasdaq.
During the public offering by Trump Media & Technology Group in March 2024, the DJT was priced at $54 per share; therefore, despite the shares rising by such a large amount today so far, they are still way below their Nasdaq debut this year.
WHAT IS BEHIND A SOLID SURGE IN DJT SHARES?
There is no logical business relationship by which it can be explained that DJT shares are up today in the morning. However, that is not the case since Trump Media & Technology Group did not release a new product or note that the Truth Social app has started generating revenues.
These research findings, however, do not support the hypothesis that the stock market rise could be attributable to Trump’s popularity diminishing after the assassination attempt, not the gambler’s rationale that it is possible that people betting on Trump where the stock likely rose on the assumption that the assassination attempt will boost Trump popularity and votes. Frankly, the growth of the number of his fans could bring more visitors to the Truth Social network, contributing to the growth of the ad revenues, of course, some of those loyal to the former president are buying the stock to support the figurehead of DJT or Donald John Trump.
HOW ARE THE REMAINING MARKETS FARMING?
The only market that appears to be showing significant movements this morning so far is Trump Media & Technology Group’s share DJT stock price today price and the rest of the markets seem to be pear-shaped calm. Here in the futures markets, S&P futures, Dow futures, and Nasdaq futures are all presently flat, all floating up by about half a percent.
Many digital currencies such as Bitcoin and Ethereum rose to around 4 percent. 3%. These are what they are today; Bitcoin is trading at around $62000 per coin and Ethereum at around $ 3340 per coin.
DJT stock price today—this one related to Trump Media & Technology Group—is Rumble Inc. (ticker: OF (Overall Fatigue RUM). Rumble’s cloud services tech is the host of Truth Social. Frequent traders of RUM shares were able to bid the papers up nearly 16 cents to $6.85 in pre-market trading at the time of writing this paper.
