{"id":122204,"date":"2024-11-05T04:34:47","date_gmt":"2024-11-04T21:34:47","guid":{"rendered":"https:\/\/hotvideos24.online\/?p=122204"},"modified":"2024-11-05T04:34:47","modified_gmt":"2024-11-04T21:34:47","slug":"djt-stock-braces-for-another-volatile-trading-week-ahead-of-trump-harris-election","status":"publish","type":"post","link":"https:\/\/hotvideos24.online\/?p=122204","title":{"rendered":"DJT stock braces for another volatile trading week ahead of Trump, Harris election"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<\/p>\n<div>\n<p class=\"yf-1pe5jgt\"><!-- HTML_TAG_START -->Trump Media &amp; Technology Group stock (<a data-i13n=\"cpos:1;pos:1\" href=\"https:\/\/finance.yahoo.com\/quote\/DJT\/\" data-ylk=\"slk:DJT;cpos:1;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">DJT<\/a>) reversed earlier losses to close Monday&#8217;s trading session about 12% higher as shares brace<a data-i13n=\"cpos:3;pos:1\" href=\"https:\/\/finance.yahoo.com\/news\/djt-stock-slumps-20-over-last-5-days-to-cap-volatile-week-ahead-of-harris-trump-election-174742097.html\" data-ylk=\"slk:for another volatile week on Wall Street;cpos:3;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" class=\"link  yahoo-link\"> for another volatile week on Wall Street<\/a> just one day ahead of the presidential election.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1pe5jgt\"><!-- HTML_TAG_START -->The stock suffered its <a data-i13n=\"cpos:4;pos:1\" href=\"https:\/\/finance.yahoo.com\/news\/djt-stock-erases-recent-gains-in-volatile-trading-day-as-trump-harris-election-nears-160723488.html\" data-ylk=\"slk:largest percentage decline;cpos:4;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" class=\"link  yahoo-link\">largest percentage decline <\/a>last week and closed down around 20% to end the five-day period on Friday.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1pe5jgt\"><!-- HTML_TAG_START -->And since Tuesday, more than $3 billion has been shaved from the company&#8217;s market cap, although the stock still has more than doubled from its September lows.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1pe5jgt\"><!-- HTML_TAG_START -->Volatility in the stock is expected to continue. One investor has warned that if Trump loses the election on Tuesday, shares of DJT could plunge to $0.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1pe5jgt\"><!-- HTML_TAG_START -->&#8220;It&#8217;s a binary bet on the election,&#8221; Matthew Tuttle, CEO of investment fund Tuttle Capital Management, recently told Yahoo Finance&#8217;s <a data-i13n=\"cpos:5;pos:1\" href=\"https:\/\/finance.yahoo.com\/videos\/series\/catalysts\/\" data-ylk=\"slk:Catalysts;cpos:5;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">Catalysts<\/a>.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1pe5jgt\"><!-- HTML_TAG_START -->Tuttle, who currently owns put options on the stock, said the trajectory of shares hinges on &#8220;a buy the rumor, sell the fact&#8221; trading strategy.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1pe5jgt\"><!-- HTML_TAG_START -->&#8220;I would imagine that the day after him winning, you&#8217;d see this come down,&#8221; he surmised. &#8220;If he loses, I think it goes to zero.&#8221;<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1pe5jgt\"><!-- HTML_TAG_START -->Interactive Brokers&#8217; chief strategist Steve Sosnick said DJT has taken on a meme-stock &#8220;life of its own.&#8221;<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1pe5jgt\"><!-- HTML_TAG_START -->&#8220;It was volatile on the way up and when a stock is that volatile in one direction, it has a tendency to be that volatile in the other direction,&#8221; he said in a call with Yahoo Finance last week.<!-- HTML_TAG_END --><\/p>\n<figure class=\"yf-8xybrv\">\n<div class=\"image-container yf-24rror loader\" style=\"--max-height: 640px;\">\n<div class=\"image-wrapper yf-24rror\" style=\"--aspect-ratio: 960 \/ 640; --img-max-width: 960px;\"><img fetchpriority=\"high\" decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" alt=\"Republican presidential nominee former President Donald Trump speaks at a rally in Salem Va., Saturday Nov 2, 2024. (AP Photo\/Steve Helber)\" loading=\"eager\" height=\"640\" width=\"960\" class=\"yf-24rror loader\"\/><\/div>\n<\/div><figcaption class=\"yf-8xybrv\"><!-- HTML_TAG_START -->Republican presidential nominee former President Donald Trump speaks at a rally in Salem Va., Saturday Nov 2, 2024. (AP Photo\/Steve Helber)<!-- HTML_TAG_END -->  <span class=\"caption-separator yf-8xybrv\" data-svelte-h=\"svelte-nxhdlu\">\u00b7<\/span> <span>ASSOCIATED PRESS<\/span><\/figcaption><\/figure>\n<p class=\"yf-1pe5jgt\"><!-- HTML_TAG_START -->Prior to the recent sell-off, shares in the company, the home of the Republican nominee&#8217;s social media platform Truth Social, <a data-i13n=\"cpos:6;pos:1\" href=\"https:\/\/finance.yahoo.com\/news\/djt-stock-extends-massive-rally-as-election-odds-shift-in-donald-trumps-favor-164614651.html\" data-ylk=\"slk:had risen in recent weeks;cpos:6;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" class=\"link  yahoo-link\">had risen in recent weeks <\/a>as both domestic and overseas betting markets shifted in favor of a Trump victory.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1pe5jgt\"><!-- HTML_TAG_START -->Prediction sites like <a data-i13n=\"cpos:7;pos:1\" href=\"https:\/\/polymarket.com\/elections\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:Polymarket;cpos:7;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">Polymarket<\/a>, <a data-i13n=\"cpos:8;pos:1\" href=\"https:\/\/www.predictit.org\/markets\/detail\/7456\/Who-will-win-the-2024-US-presidential-election\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:PredictIt;cpos:8;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">PredictIt<\/a>, and <a data-i13n=\"cpos:9;pos:1\" href=\"https:\/\/kalshi.com\/\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:Kalshi;cpos:9;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">Kalshi<\/a> all showed Trump&#8217;s presidential chances ahead of those of Democratic nominee and current Vice President Kamala Harris. That lead, however, narrowed significantly over the weekend as new polling showed Harris <a data-i13n=\"cpos:10;pos:1\" href=\"https:\/\/www.yahoo.com\/news\/kamala-harris-leapfrogs-donald-trump-101134871.html?fr=sycsrp_catchall\" data-ylk=\"slk:surpassing Trump in Iowa,;cpos:10;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" class=\"link  yahoo-link\">surpassing Trump in Iowa,<\/a> which has historically voted Republican.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1pe5jgt\"><!-- HTML_TAG_START -->And as betting markets tighten, <a data-i13n=\"cpos:11;pos:1\" href=\"https:\/\/www.nytimes.com\/interactive\/2024\/us\/elections\/polls-president.html\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:national polls;cpos:11;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">national polls<\/a> show both candidates in a virtually deadlocked race. Polls in key battleground states like Pennsylvania, Michigan, and Wisconsin, which are likely to decide the fate of the election, also show razor-thin margins.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1pe5jgt\"><!-- HTML_TAG_START -->In September, the stock <a data-i13n=\"cpos:12;pos:1\" href=\"https:\/\/finance.yahoo.com\/news\/djt-stock-plummets-to-new-lows-after-lockup-period-expires-174815865.html\" data-ylk=\"slk:traded at its lowest level since the company's debut;cpos:12;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" class=\"link  yahoo-link\">traded at its lowest level since the company&#8217;s debut <\/a>following the expiration of its highly publicized lockup period. Shares had also been under pressure as previous polling in September saw Harris with a bigger lead on the former president.<!-- HTML_TAG_END --><\/p>\n<p><button class=\"secondary-btn fin-size-large readmore-button rounded   yf-15mk0m\" data-ylk=\"elm:readmore;itc:1;sec:content-canvas;slk:Story%20Continues\" aria-label=\"Story Continues\" title=\"Story Continues\"> <span>Story Continues<\/span> <\/button> <\/p>\n<div class=\"read-more-wrapper\" style=\"display: none\">\n<figure class=\"yf-8xybrv\">\n<div class=\"image-container yf-24rror loader\" style=\"--max-height: 642px;\">\n<div class=\"image-wrapper yf-24rror\" style=\"--aspect-ratio: 960 \/ 642; --img-max-width: 960px;\"><img decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" alt=\"La candidata dem\u00f3crata a la vicepresidencia Kamala Harris habla durante un mitin de campa\u00f1a en Jenison Field House, en el campus de la Universidad Estatal de Michigan, el domingo 3 de noviembre de 2024, en East Lansing, Michigan. (AP Foto\/Jacquelyn Martin)\" loading=\"lazy\" height=\"642\" width=\"960\" class=\"yf-24rror loader\"\/><\/div>\n<\/div><figcaption class=\"yf-8xybrv\"><!-- HTML_TAG_START -->La candidata dem\u00f3crata a la vicepresidencia Kamala Harris habla durante un mitin de campa\u00f1a en Jenison Field House, en el campus de la Universidad Estatal de Michigan, el domingo 3 de noviembre de 2024, en East Lansing, Michigan. (AP Foto\/Jacquelyn Martin)<!-- HTML_TAG_END -->  <span class=\"caption-separator yf-8xybrv\" data-svelte-h=\"svelte-nxhdlu\">\u00b7<\/span> <span>ASSOCIATED PRESS<\/span><\/figcaption><\/figure>\n<p class=\"yf-1pe5jgt\"><!-- HTML_TAG_START -->Trump founded Truth Social after he was kicked off major social media apps like Facebook (<a data-i13n=\"cpos:13;pos:1\" href=\"https:\/\/finance.yahoo.com\/quote\/META\" data-ylk=\"slk:META;cpos:13;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">META<\/a>) and Twitter, now X, following the Jan. 6, 2021, Capitol riots. Trump has since been reinstated on those platforms. He officially <a data-i13n=\"cpos:14;pos:1\" href=\"https:\/\/finance.yahoo.com\/news\/djt-stock-falls-after-donald-trump-returns-to-x-ahead-of-elon-musk-interview-201747189.html\" data-ylk=\"slk:returned to posting on X in mid-August;cpos:14;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" class=\"link  yahoo-link\">returned to posting on X in mid-August<\/a> after about a year&#8217;s hiatus.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1pe5jgt\"><!-- HTML_TAG_START -->As Truth Social attempts to take on the social media incumbents, the fundamentals of the company have long been in question.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1pe5jgt\"><!-- HTML_TAG_START -->In August, DJT <a data-i13n=\"cpos:15;pos:1\" href=\"https:\/\/ir.tmtgcorp.com\/news-events\/press-releases\/#b2iLibScrollTo\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:reported;cpos:15;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">reported<\/a> second quarter results that revealed a net loss of $16.4 million, about half of which was tied to expenses related to the company&#8217;s SPAC deal. The company also reported revenue of just under $837,000 for the quarter ending June 30, a 30% year-over-year drop.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1pe5jgt\"><!-- HTML_TAG_START -->Last month, <a data-i13n=\"cpos:16;pos:1\" href=\"https:\/\/finance.yahoo.com\/video\/dji-trades-lower-announcing-coo-200820208.html\" data-ylk=\"slk:the company revealed;cpos:16;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" class=\"link  yahoo-link\">the company revealed<\/a> that its COO had stepped down in September.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1pe5jgt\"><!-- HTML_TAG_START -->Trump maintains a roughly <a data-i13n=\"cpos:17;pos:1\" href=\"https:\/\/apnews.com\/article\/trump-media-truth-social-spac-vote-841820869418c37ad7eed04f2af42854\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:60% interest;cpos:17;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">60% interest<\/a> in DJT. At current levels of around $34 a share, Trump Media boasts a market cap of about $6.9 billion, giving the former president a stake worth around $4.1 billion.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1pe5jgt\"><!-- HTML_TAG_START --><a data-i13n=\"cpos:18;pos:1\" href=\"https:\/\/www.yahoo.com\/author\/alexandra-canal\/\" data-ylk=\"slk:Alexandra Canal;cpos:18;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \"><em>Alexandra Canal<\/em><\/a><em> is a Senior Reporter at Yahoo Finance. Follow her on X <\/em><a data-i13n=\"cpos:19;pos:1\" href=\"https:\/\/twitter.com\/allie_canal\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:@allie_canal;cpos:19;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \"><em>@allie_canal<\/em><\/a><em>, <\/em><a data-i13n=\"cpos:20;pos:1\" href=\"https:\/\/www.linkedin.com\/in\/alexandra-canal-83643889\/\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:LinkedIn,;cpos:20;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \"><em>LinkedIn,<\/em><\/a><em> and email her at alexandra.canal@yahoofinance.com.<\/em><!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1pe5jgt\"><!-- HTML_TAG_START --><a data-i13n=\"cpos:21;pos:1\" href=\"https:\/\/finance.yahoo.com\/topic\/stock-market-news\/\" data-ylk=\"slk:Click here for the latest stock market news and in-depth analysis, including events that move stocks;cpos:21;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \"><strong>Click here for the latest stock market news and in-depth analysis, including events that move stocks<\/strong><\/a><!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1pe5jgt\"><!-- HTML_TAG_START --><a data-i13n=\"cpos:22;pos:1\" href=\"https:\/\/finance.yahoo.com\/news\/\" data-ylk=\"slk:Read the latest financial and business news from Yahoo Finance;cpos:22;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \"><strong>Read the latest financial and business news from Yahoo Finance<\/strong><\/a><strong>.<\/strong><!-- HTML_TAG_END --><\/p>\n<\/div><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<br \/><div data-type=\"_mgwidget\" data-widget-id=\"1660802\">\r\n<\/div>\r\n<script>(function(w,q){w[q]=w[q]||[];w[q].push([\"_mgc.load\"])})(window,\"_mgq\");\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/finance.yahoo.com\/news\/djt-stock-braces-for-another-volatile-trading-week-ahead-of-trump-harris-election-142339788.html\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Trump Media &amp; Technology Group stock (DJT) reversed earlier losses to close Monday&#8217;s trading session about 12% higher as shares brace for another volatile week on Wall Street just one &hellip; <a href=\"https:\/\/hotvideos24.online\/?p=122204\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-122204","post","type-post","status-publish","format-standard","hentry","category-business","entry"],"_links":{"self":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/122204","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=122204"}],"version-history":[{"count":0,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/122204\/revisions"}],"wp:attachment":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=122204"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=122204"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=122204"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}