What's Going On With Trump Media & Technology Stock?

Erica Kollmann

August 21, 2024

Trump Media & Technology Group Corp. (NASDAQ:DJT) is experiencing heavy trading volume Wednesday and trending across social media as investors pile into the stock. The stock has seen continued volatility during Donald Trump‘s campaign.

Possible RFK Campaign Shakeup:

Trump Media stock frequently moves on developments surrounding Donald Trump, and investors may be reacting to comments made by Robert F. Kennedy Jr.'s running-mate, Nicole Shanahan, yesterday in an interview on the "Impact Theory" podcast.

Read Next: Microchip Technology Stock Dips After Cybersecurity Incident

In the interview, Shanahan floated the possibility of suspending Kennedy's independent presidential campaign and endorsing Trump's candidacy. Such a move would support Trump's campaign by preventing a possible divide among conservative voters ahead of the 2024 General Election.

"There's two options that we're looking at and one is staying in, forming that new party, but we run the risk of a Kamala Harris and Walz presidency because we draw votes from Trump, or we draw somehow more votes from Trump," Shanahan said in the interview. "Or we walk away right now and join forces with … Donald Trump."

What Else:

Donald Trump is scheduled to host a rally on Wednesday at 2:00 p.m. ET in North Carolina. Trump’s statement in a post on Truth Social indicated that he will be delivering remarks on national security.

Additionally, the Democratic National Convention continues this week in Chicago with Presidential nominee Vice President Harris scheduled to deliver her acceptance speech on Thursday night.

According to data from Benzinga Pro, Trump Media stock is down around 30% over the past month following a rally after Trump survived an assassination attempt on July 13.

DJT Stock Prediction 2024:

Equity research analysts on and off Wall Street typically use earnings growth and fundamental research as a form of valuation and forecasting. But many in trading turn to technical analysis as a way to form predictive models for share price trajectory.

Some investors look to trends to help forecast where they believe a stock could trade at a certain point in the future. Looking at Trump Media & Technology, an investor could make an assessment about a stock's long term prospects using a moving average and trend line. If they believe a stock will remain above the moving average, which many believe is a bullish signal, they can extrapolate that trend into the future using a trend line.

Traders believe that when a stock is above its moving average, it is a generally bullish signal, and when it crosses below, it is a more negative signal. Investors could use trend lines to make an educated guess about where a stock could trade at a later date if conditions remain stable.

DJT Price Action: According to Benzinga Pro, Trump Media & Technology Group shares are up 14.1% at $24.43 at the time of publication Wednesday.

Read Also: What’s Going On With Nano Nuclear Energy Stock?

Image: Shutterstock

Recommended

The Only Thing a New President Won't Do - Ad

Man Who Called Nvidia at $1.10 Says Buy This Now... - Ad

The No. 1 AI Stock of 2024 (Not Nvidia) - Ad

Movies about Kamala Harris and Donald Trump hit theaters in October. Find out the differences between the movie and why one candidate wants a ban.

Elon Musk Laughs At The Idea Of Dick Cheney Supporting Kamala Harris For President

Elon Musk humorously commented on the recent endorsement of Kamala Harris by George Bush Jr.-era former Vice President Dick Cheney.

My TOP Altcoin for Right Now Is...

My TOP Altcoin for Right Now Is... - Ad

Searching for the top investment opportunity in crypto? Look no further. Our $3 report gives you the full scoop. You'll get this exciting token's name, our recommended investment strategy, and growth projections. Time is of the essence with this one...

Americans Split On Election Result Acceptance Between Harris And Trump, Here Is The Candidate They Think More Likely To Accept Voters' Verdict

A survey conducted by ABC News/Ipsos has shed light on the American public's confidence in the acceptance of the upcoming November presidential election results by Vice President Kamala Harris and former President Donald Trump.

Tesla Considers Warner Bros Studio For Highly Anticipated Robotaxi Unveiling Event: Report

Tesla is reportedly looking to hold its robotaxi unveiling event at Warner Bros. Discovery's movie studio in Burbank, California.

My No. 1 Oil Play for 2024

My No. 1 Oil Play for 2024 - Ad

Do you own oil and gas stocks? Or are you thinking about buying some? If so, you need to see my #1 oil play for 2024. But it's NOT oil stocks, futures, or anything you've likely heard about. Rather, it's an unusual way to potentially bank monthly income from the oil and gas markets.

Tesla lawsuit challenging Louisiana ban on direct car sales from plants revived by appeals court

NEW ORLEANS (AP) — Tesla's federal court challenge to a Louisiana law that prohibits automobile manufacturers from selling directly to consumers has been revived by an appeals court.

Trump Vs. Harris: Nate Silver Says Former President Now Ahead Of Vice President In Electoral College Odds After Adjusting For The DNC 'Bounce'

Pollster Nate Silver's latest election forecast shows former President Donald Trump slightly ahead of Vice President Kamala Harris in the race for the Electoral College, despite Harris leading in national polls.

What Kamala Won't Do if She Wins the Election

What Kamala Won't Do if She Wins the Election - Ad

She's promising to bring down housing costs and grocery prices...But the one thing she probably won't do, is make you wealthier. Ex-Wall Street Insider, Adam O'Dell has identified a simple way for any American to grow their wealth going into the 2024 presidential elections.

Federal Reserve's favored inflation gauge shows price pressures easing as rate cuts near

WASHINGTON (AP) — An inflation measure closely tracked by the Federal Reserve remained low last month, extending a trend of cooling price increases that clears the way for the Fed to start cutting its key interest rate for the first time in 4 1/2 years.

Mark Cuban Wonders If SEC Chair Gary Gensler Is Doing 'Everything In His Power' To End Elizabeth Warren's Senate Career

Billionaire investors and television celebrity Mark Cuban threw a jibe at SEC Chair Gary Gensler, questioning if he is deliberately trying to weaken Senator Elizabeth Warren (D-Mass.).

Kamala Harris May Seize This Cutting-Edge Tech -- Act Now

Kamala Harris May Seize This Cutting-Edge Tech -- Act Now - Ad

A new technology (not AI) is powerful enough to save America $1.7 TRILLION in healthcare costs each year. Trump is rumored to use it personally... And Kamala Harris has threatened to have key patents on it seized. Whoever wins the election - it could cause a massive surge in demand... And send a tiny firm with key patents on this technology soaring. It's currently trading for only $7. But it likely won't stay this cheap for long.

Bezos Vs. Musk Battle Heads To Space: How Amazon Founder Is Taking Tesla CEO On More Directly

A multi-year rivalry between Jeff Bezos and Elon Musk is out of this world. The space battle could heat up in the coming months.

Stalled In Bureaucratic Limbo, This German City Struggles With Illegal Cannabis As Demand Surges

The slow response is largely due to complex bureaucratic requirements. Applicants must provide extensive documentation.

New "Living Missile" to Replace Nuclear Missiles

New "Living Missile" to Replace Nuclear Missiles - Ad

CBS News Reports: "It's an entirely new type of weapon." The New York Times Reports: "No existing defense can stop it." And one small company is building them for the Pentagon!

California's 'Operation Sticky Fingers' Nails Two Dozen Dispensary Thieves After $1M In Weed Stolen

California cannabis dispensary theft ring busted in 'Sticky Fingers' raid. $1M in stolen products retrieved and two dozen suspects arrested.

Donald Trump's Billions On Hold As Insiders Sell Off Truth Social Shares

Insiders at Trump Media & Technology Group owned social media platform Truth Social have started offloading their shares.

Imminent FDA Decision Could End Obesity in America...

Imminent FDA Decision Could End Obesity in America... - Ad

...and spark a 224,000% sales surge for one tiny micro-cap stock. Channelnomics says it "Could have a greater impact on the world than artificial intelligence." BMO Capital calls it "A goldmine for investors." The Wall Street Journal says it's "A Gold rush."

Ralph Lauren draws the fashion crowd to the horsey Hamptons for a diverse show of Americana

BRIDGEHAMPTON, N.Y. (AP) — took to Hamptons horse country for a rollout of his signature Americana featuring first lady Jill Biden, Usher and on his front row and Naomi Campbell, Christy Turlington and a bevy of adorable kids on his runway.

Thousands of US hotel workers strike over Labor Day weekend

More than 10,000 workers at 25 U.S. hotels Monday after choosing Labor Day weekend to amplify their demands for higher pay, fairer workloads and the reversal of COVID-era cuts.

Stop Paying Full Price for Houses

Stop Paying Full Price for Houses - Ad

Gain instant access to 1000's of houses you can potentially get for just the taxes owed. Why pay full price for properties when you can follow a few simple steps and pay just the taxes owed?

Governments Suing Pharmacy Benefit Managers Over Insulin Prices Have Long Benefited From Their Rebates

State and local governments suing PBMs and drug companies over insulin prices have long benefited from the same rebate system they now criticize, leaving patients burdened by high costs and limited access.

Elon Musk Lashes Out At Judge After Brazil's Supreme Court Blocks Starlink's Bank Accounts: 'Criminal Wearing Judges Robes Like A Halloween Costume'

The Supreme Court of Brazil imposed a financial freeze on Elon Musk's Starlink, escalating a legal dispute that could lead to suspending his social media platform, X, in Brazil due to non-compliance with court orders.

What Smart Investors Are Doing to Profit From the Election

What Smart Investors Are Doing to Profit From the Election - Ad

While millions of Americans are fighting over who they want to win the presidential election... A small group of folks are quietly positioning themselves to profit from it by following a simple election playbook.

Rivian Launches Referral Program To Reward Customers Who Refer Other Buyers, Similar To Tesla's Scheme

California-based EV company Rivian Automotive on Thursday introduced a new program aimed at rewarding U.S. customers who recommend others to buy their vehicles.

Kroger, Albertsons Merger In FTC Crosshairs: Customers, Competitors At Risk

The FTC is in a trial to stop Kroger's takeover of Albertsons, with expert witnesses testifying to potential price increases.

Forget AI, Imperium Is Expected to Grow 320,000% In 3 Years

Forget AI, Imperium Is Expected to Grow 320,000% In 3 Years - Ad

Three of the world's biggest AI companies -- Google, Nvidia and Intel -- have even partnered with my No. 1 Imperium company to get on this massive mega trend. The average investor hasn't caught on yet, but you can still invest in my No. 1 Imperium company for just $10 a share.

Behind the nonprofit helping a diverse new generation of culinary professionals heat up New York

NEW YORK (AP) — A side of beef bigger than a classroom desktop sat before high school students huddled around a kitchen on New York's Lower East Side. “Anyone wanna jump in?” asked the butcher teaching the Tuesday afternoon class. One student dared, grabbing a sawblade about as long as his arm and sweating to successfully separate the short rib from the rib eye.

GameStop Shares Are Trading Higher: This Week In Review

GameStop Corporation (NYSE: GME) shares are up Friday. Here's what you need to know.

Buffett's Big A.I. Secret (Handle With Care)

Buffett's Big A.I. Secret (Handle With Care) - Ad

A.I. is the talk of the town...But here's what they're NOT telling you. Former investment banking V.P. Ross Givens is letting the cat out of the bag. He's leaking a revolutionary new development, which changes everything. It will kick off A.I.'s massive second wave.

Japan wants its hardworking citizens to try a 4-day workweek

TOKYO (AP) — Japan, a nation its language has a term for literally working oneself to death, is trying to address a worrisome labor shortage by coaxing more people and companies to adopt .

Flights returning to normal in Colombia as jet fuel shortage is resolved

BOGOTA, Colombia (AP) — The Colombian airlines Avianca and Latam Colombia said late Monday they will operate most of their flights Tuesday and resume full schedules Wednesday, after warning earlier they would have to cancel dozens of flights due to shortages of jet fuel.

Silicon Valley Billionaires Are Quietly Buying Into What We Call the "Imperium" Boom

Silicon Valley Billionaires Are Quietly Buying Into What We Call the "Imperium" Boom - Ad

See why Bill Gates, Mark Zuckerberg and Peter Thiel are making huge bets on this breakthrough now.

Jaguar tells owners of older I-Pace electric SUVs to park them outdoors due to battery fire risk

DETROIT (AP) — Jaguar is telling owners of about 3,000 electric SUVs to park them outdoors and away from structures due to the risk of battery fires.

Atlantic City's top casino underpaid its online gambling taxes by $1.1M, regulators say

ATLANTIC CITY, N.J. (AP) — New Jersey gambling regulators say Atlantic City's top-performing casino, the Borgata, underpaid some of its internet gambling taxes twice by taking almost $15 million more in credits than it was entitled to.

The Last Time Gold Flashed This Warning Sign, the Market Dropped 80%

The Last Time Gold Flashed This Warning Sign, the Market Dropped 80% - Ad

Both President Trump and Elon Musk are warning about something that could send the market down 50%, real estate down 40% and savings accounts down 30%.

Wynn Resorts paying $130M for letting illegal money reach gamblers at its Las Vegas Strip casino

LAS VEGAS (AP) — Casino company Wynn Resorts Ltd. has agreed to pay $130 million to federal authorities and admit that it let unlicensed money transfer businesses around the world funnel funds to gamblers at its flagship Las Vegas Strip property.

Leading US Cannabis Operator Gets Buy Rating Amid Strategic Divestment And Growth Initiative

Canaccord Genuity gives Cannabist Company Holdings a Buy rating. Discover how strategic divestments support their growth. Read now!

2024 Oil Boom

2024 Oil Boom - Ad

There is a much better way to profit from oil in 2024. It's NOT oil stocks, futures, or anything you've likely heard about. In fact, one man used it build a small $1,000 investment into a $100,000 income stream over fifty years.

Bitcoin, Ethereum Drop, Dogecoin Flat As Weak Private Employment Report Spooks Investors: Top Trader Says 'Massive Thrust' Required To Get King Crypto's Bull Run Back On Track

Leading cryptocurrencies slid Thursday as lower-than-expected private sector job growth heightened concerns around the economy and dampened risk appetite.

Trending Now

Trump Vs. Harris: Election Forecaster With 9 Out Of 10 Accurate Predictions Makes Final Call, Says This Person Will Be 'Next President Of The United States'