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shares Trump Media Shares were up more than 14% in midday trading Monday, ahead of the president-elect Donald TrumpInauguration on Monday, January 20th.
The stock is now expected to post its best single-day performance since November 18, when the stock surged 16.65% on news that the company would be acquired. In “Advanced Talks”“Buy Cryptocurrency Trading Company Bucket.
Trump’s inauguration festivities will begin with a reception on Saturday, January 18, followed by more celebrations and a “victory rally” on Sunday, January 19.
Many big tech companies and executives have donated to Trump’s first fund ahead of the big day, including $1 million each from GoogleOpenAI CEO Sam Altman and Yuanand reported contributions apple CEO Tim Cook and Amazon.
Although Trump does not hold a senior executive position at Trump Media, the president-elect was the company’s largest individual shareholder until he transferred his shares. Transferred all shares to a revocable trust late last year He was the sole beneficiary of it.
Trump did not receive any of the transferred funds, but he now “indirectly” owns the shares, and the trust’s sole trustee, his son Donald Trump Jr., has sole voting and investment rights in the shares.
The social media company, which owns the Truth Social platform, had a market capitalization of more than $8.7 billion as of 1 p.m. ET on Monday. Since September 23, the stock has gained 218%. lowest point Just days after the end of a “lockup period” that has prevented company insiders from selling shares since 2021.
