About a month ago I noted that DJT, the stock of Trump Media & Technology Group Corp., had been more or less static. That changed yesterday, when the stock took off for a 21% gain. Today, it’s down a bit:
News? I haven’t found any. The company doesn’t appear to have any noteworthy announcements.
The stock could have been bid up by any of a number of manipulators, foreign and domestic, for any of a number of reasons.
The company’s main draw, Mr Trump, will soon be President. I’d expect a responsible President to drop off of social media as duties sucked away his time, but Mr Trump, along with a skewed view of responsibilities, uses social media as a pressure relief, so I expect investors who recognize Mr Trump is the primary asset of DJT will not be disturbed at his upcoming inauguration for its effect on DJT‘s offerings.
They may be disturbed by his proposed policies, his chronic mendacity, or quite a few other matters, but those are other matters.
