American Invest Hub
  • Politics
  • Investing
  • Business
  • Latest News

American Invest Hub

  • Politics
  • Investing
  • Business
  • Latest News
Business

Trump Media shares rise again, jump 50% in the past week

by admin May 3, 2024
May 3, 2024
Trump Media shares rise again, jump 50% in the past week

Trump Media shares climbed nearly 7% Tuesday, continuing a rise that has seen the Truth Social owner surge about 50% in the past week.

DJT closed the trading day at roughly $50 a share, about 30% below its opening price of $70.90 in late March.

The stock has had several volatile days in the past month, trading at a high of about $60 a share and a low of just over $20 per share.

Trump Media’s rise has come without significant news about its finances improving. The company’s social media business had $58 million in losses last year and just $4.1 million in revenue.

The recent climb in the stock may be the result of steps the company has taken to target short sellers, according to Jay Ritter, a business professor at the University of Florida who is an expert on initial public offerings.

“In the last week or so, the company has informed its shareholders how to make it difficult to loan their shares to short sellers, and it is possible that the number of shares available to short has decreased, increasing the [cost] borrowing rate for short selling,” Ritter said.

The Truth Social owner also has urged Congress to investigate possible “unlawful manipulation” of the stock.

— CNBC’s Dan Mangan contributed to this report.

This post appeared first on NBC NEWS

0
FacebookTwitterGoogle +Pinterest
previous post
DJT shares close down more than 9% as Trump Media hot streak stalls
next post
Home prices soar even higher in February, despite higher mortgage rates, says S&P Case-Shiller

Related Posts

Why Trump’s tariffs may hit UK businesses harder...

November 28, 2024

South Korean officials raise alarms over DeepSeek AI...

February 6, 2025

Rolls-Royce share price surged: is Tufan Erginbilgiç just...

October 1, 2024

Euro weakens as US Dollar strengthens, ECB dovish...

June 26, 2025

Trump’s $500 billion AI initiative will benefit these...

January 28, 2025

An interest rate cut is coming. Here’s what...

August 11, 2024

Coupang stock forms a risky pattern, pointing to...

November 4, 2024

Here’s why the AMD stock price crashed after...

August 6, 2025

Dogizen surpasses Catizen with 1.3M players and $452K...

October 11, 2024

Zomato shares crashed 15% after Q3 results: why...

January 22, 2025

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest News

    • Why India’s gold demand is expected to dip this festive season

      September 15, 2025
    • Oil jumps 2% as OPEC agree to smaller output hike for October, sanction threats looms

      September 8, 2025
    • Weekly recap: tech titans woo Trump, Xi’s political theatre, Starmer’s reshuffle

      September 7, 2025
    • Trump reaffirms backing for Robert Kennedy amid vaccine policy turmoil

      September 7, 2025
    • South Korean president promises aid to citizens held in US immigration raid

      September 7, 2025

    Categories

    • Business (3,954)
    • Investing (2,864)
    • Latest News (2,059)
    • Politics (1,530)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: americaninvesthub.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 americaninvesthub.com | All Rights Reserved