The Trader Harbor
  • Business
  • Politics
  • World News
  • Stocks
  • Business
  • Politics
  • World News
  • Stocks

The Trader Harbor

World News

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

by admin May 2, 2024
May 2, 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

New Starbucks CEO Brian Niccol commits to working...

September 27, 2024

Russian oligarch’s yacht is costing U.S. taxpayers close...

March 7, 2024

FTC bans fake online reviews, inflated social media...

August 16, 2024

Is a Chinese chain’s blood orange cold brew...

July 7, 2025

Amazon’s Nova AI agent launch puts it up...

April 1, 2025

AT&T, other phone companies sued over stolen nude...

July 31, 2024

Car insurance rates are nuts right now. Here’s...

April 20, 2024

Boeing delivered 30 airplanes in December, but gap...

January 15, 2025

Dow tumbles 475 points, S&P 500 suffers worst...

April 19, 2024

More than half a million portable device chargers...

June 24, 2024

    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

    • Cracker Barrel rebrand: Why companies retreat when faced with consumer criticism

      August 30, 2025
    • Retail panic: What the end of the ‘de minimis’ exemption means for brands across the globe

      August 30, 2025
    • Spirit Airlines files for Chapter 11 bankruptcy protection for the second time in a year

      August 30, 2025
    • The Real Drivers of This Market: AI, Semis & Robotics

      August 30, 2025
    • S&P 500 Breaking Out Again: What This Means for Your Portfolio

      August 30, 2025
    • Meet the radical anti-Israel activists joining ‘Squad’ Dem Tlaib at Detroit confab

      August 30, 2025

    Categories

    • Business (1,370)
    • Politics (4,364)
    • Stocks (1,617)
    • Uncategorized (45)
    • World News (1,363)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: TheTraderHarbor, 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 thetraderharbor.com | All Rights Reserved