Trump Media Soars After Tweet 'THIS IS A GREAT TIME TO BUY'

GuruFocus
04-10

April 10 - Trump Media & Technology Group (DJT, Financial) shares jumped more than 21% Wednesday, marking the stock's biggest single-day gain since January, with the move landing it among the top performers in the communications services sector.

The rally came after a post by President Donald Trump on his Truth Social platform, where he wrote, “THIS IS A GREAT TIME TO BUY!!! DJT.” The message was published hours ahead of an announcement regarding a 90-day pause on reciprocal U.S. tariffs first proposed earlier this month.

Trading activity surged, with over 14.4 million DJT shares changing hands — more than double the stock's three-month average volume. Short interest currently sits at 5.47%, based on the latest available data.

Despite the latest upswing, DJT has slumped 49% year-to-date. Over the same period, the S&P 500 index was down 7%.

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