DJT: Why Trump Media shares closed more than 12% higher
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DJT shares close down more than 9% as Trump Media hot streak stalls
Trump Media, owner of the Truth Social app, has seen a series of gains for its DJT ticker, even after majority shareholder Donald Trump earned extra shares.
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Trump awarded 36 million more Trump Media shares worth $1.8 billion after hitting price benchmarks
Trump, the presumptive Republican presidential nominee, now owns close to two-thirds of the company's outstanding shares.
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Trump awarded 36 million more Trump Media shares worth $1.6 billion after hitting price benchmarks
Former President Donald Trump has secured another $1.6 billion worth of shares in Trump Media. That's according to a regulatory filing this week. Based on the company’s stock hitting certain price benchmarks, Trump was awarded an additional 36 million shares in the company that owns his social media platform Truth Social. That brings his total ownership to more than 114 million shares, which based on Tuesday's closing price, are worth $5.1 billion. For now, the value of those shares is...