Trump Media Is Set for a $247 Million Boost. Why This Is Pressuring DJT Stock

Dow Jones06-20

Trump Media & Technology stock is tumbling Thursday after the parent company of former President Donald Trump’s Truth Social platform said earlier in the week it had been cleared to resell certain shares and warrants.

Trump Media has been cleared to resell certain shares and warrants.

Shares were falling 7.9% in the premarket at $28.84, having closed down 9.8% at $31.31 on Tuesday, the last day of trading before the Juneteenth public holiday. The three main indexes were rising in premarket trading Thursday with Dow Jones Industrial Average futures up 0.1%, the S&P 500 climbing 0.4%, and the Nasdaq Composite up 0.6%.

The company said Tuesday the Securities and Exchange Commission had cleared the way for selling shareholders to be able to publicly resell the securities and the warrants would be eligible to be exercised for cash.

On the upside, this potentially gives Trump Media about $247 million in proceeds. It said in a statement it is “well-positioned” to pursue TV streaming, other enhancements to the platform and potential mergers and acquisitions. But on the downside the securities and warrant move could put further pressure on the shares.

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breAkdaWn
06-20
breAkdaWn
Tv streaming,?? What re re re re runs!!?

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Why This Is Pressuring DJT Stock","media":"Dow Jones","content":"<html><head></head><body><p style=\"text-align: start;\">Trump Media &amp; Technology stock is tumbling Thursday after the parent company of former President Donald Trump’s Truth Social platform said earlier in the week it had been cleared to resell certain shares and warrants.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/44f8b040fb9540bf8422db9959908e72\" alt=\"Trump Media has been cleared to resell certain shares and warrants.\" title=\"Trump Media has been cleared to resell certain shares and warrants.\" tg-width=\"973\" tg-height=\"745\"/><span>Trump Media has been cleared to resell certain shares and warrants.</span></p><p style=\"text-align: start;\">Shares were falling 7.9% in the premarket at $28.84, having closed down 9.8% at $31.31 on Tuesday, the last day of trading before the Juneteenth public holiday. 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What re re re re runs!!?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/318952261259384","repostId":2444968642,"repostType":4,"repost":{"id":"2444968642","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1718879400,"share":"https://ttm.financial/m/news/2444968642?lang=&edition=fundamental","pubTime":"2024-06-20 18:30","market":"us","language":"en","title":"Trump Media Is Set for a $247 Million Boost. Why This Is Pressuring DJT Stock","url":"https://stock-news.laohu8.com/highlight/detail?id=2444968642","media":"Dow Jones","summary":"Trump Media & Technology stock is tumbling Thursday after the parent company of former President Donald Trump’s Truth Social platform said earlier in the week it had been cleared to resell certain shares and warrants.Trump Media has been cleared to resell certain shares and warrants.Shares were falling 7.9% in the premarket at $28.84, having closed down 9.8% at $31.31 on Tuesday, the last day of trading before the Juneteenth public holiday. The three main indexes were rising in premarket trading","content":"<html><head></head><body><p style=\"text-align: start;\">Trump Media &amp; Technology stock is tumbling Thursday after the parent company of former President Donald Trump’s Truth Social platform said earlier in the week it had been cleared to resell certain shares and warrants.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/44f8b040fb9540bf8422db9959908e72\" alt=\"Trump Media has been cleared to resell certain shares and warrants.\" title=\"Trump Media has been cleared to resell certain shares and warrants.\" tg-width=\"973\" tg-height=\"745\"/><span>Trump Media has been cleared to resell certain shares and warrants.</span></p><p style=\"text-align: start;\">Shares were falling 7.9% in the premarket at $28.84, having closed down 9.8% at $31.31 on Tuesday, the last day of trading before the Juneteenth public holiday. 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But on the downside the securities and warrant move could put further pressure on the shares.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Trump Media Is Set for a $247 Million Boost. 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Why This Is Pressuring DJT Stock\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-06-20 18:30</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p style=\"text-align: start;\">Trump Media &amp; Technology stock is tumbling Thursday after the parent company of former President Donald Trump’s Truth Social platform said earlier in the week it had been cleared to resell certain shares and warrants.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/44f8b040fb9540bf8422db9959908e72\" alt=\"Trump Media has been cleared to resell certain shares and warrants.\" title=\"Trump Media has been cleared to resell certain shares and warrants.\" tg-width=\"973\" tg-height=\"745\"/><span>Trump Media has been cleared to resell certain shares and warrants.</span></p><p style=\"text-align: start;\">Shares were falling 7.9% in the premarket at $28.84, having closed down 9.8% at $31.31 on Tuesday, the last day of trading before the Juneteenth public holiday. The three main indexes were rising in premarket trading Thursday with Dow Jones Industrial Average futures up 0.1%, the S&amp;P 500 climbing 0.4%, and the Nasdaq Composite up 0.6%.</p><p>The company said Tuesday the Securities and Exchange Commission had cleared the way for selling shareholders to be able to publicly resell the securities and the warrants would be eligible to be exercised for cash.</p><p>On the upside, this potentially gives Trump Media about $247 million in proceeds. It said in a statement it is “well-positioned” to pursue TV streaming, other enhancements to the platform and potential mergers and acquisitions. But on the downside the securities and warrant move could put further pressure on the shares.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4547":"WSB热门概念","BK4077":"互动媒体与服务","DJT":"特朗普媒体科技集团"},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2444968642","content_text":"Trump Media & Technology stock is tumbling Thursday after the parent company of former President Donald Trump’s Truth Social platform said earlier in the week it had been cleared to resell certain shares and warrants.Trump Media has been cleared to resell certain shares and warrants.Shares were falling 7.9% in the premarket at $28.84, having closed down 9.8% at $31.31 on Tuesday, the last day of trading before the Juneteenth public holiday. 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