- From another assassination attempt to released shares, Trump Media & Technology Group (NDAQ:DJT) stock is in for an interesting week ahead
- On Sunday, the former president of the United States was the target of a second apparent assassination attempt as he played golf in West Palm Beach, Florida
- His net worth rose by more than US$200 million when he said he would not sell shares in the social media company, of which locked-up shares will be unlocked, opening the doors to a possible massive sell-off
- Trump Media & Technology Group stock opened trading at US$18.35
From another assassination attempt to released shares, Trump Media & Technology Group (NDAQ:DJT) stock is in for an interesting week ahead.
On Sunday, the former president of the United States was the target of a second apparent assassination attempt as he played golf in West Palm Beach, Florida. U.S. Secret Service agents fired at a man who was seen aiming an AK-style rifle through a fence while concealed in the bushes. Trump was unharmed and authorities held a man in custody. Trump Media stock had rallied earlier this summer after the previous attempt on his life.
His net worth also rose by more than US$200 million this past Friday when he said he would not sell shares in the social media company.
This coming Friday, locked-up shares in Trump Media stock will be unlocked, opening the doors to a possible massive sell-off.
Last week, Trump Media stock plunged to its lowest level since going public after the former President’s debate with Democratic Party candidate Vice President Kamala Harris. Before the two squared off, Trump had said he was eager to debate her multiple times, but it seems like once was enough and he’s now backing out of any future debates.
Trump Media & Technology Group Corp. was founded by Donald Trump in 2021 and describes its mission as “ending Big Tech’s assault on free speech by opening up the internet.”
Trump Media & Technology Group (NDAQ:DJT) opened at US$18.35 per share and was falling nearly 4 per cent in early trading. Trump media stock has fallen almost 50 per cent over the past three months.
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(Top image: Truth Social)