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

GuruFocus
10 Apr

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%.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10