Trump Media & Technology Group Shares Drop 6.1% on Friday

Mark Eisenberg
Photo: Finoracle.net

Trump Media & Technology Group (NASDAQ: DJTWW) Shares Plummet 6.1%

November 10, 2023Trump Media & Technology Group Corp. experienced a significant dip in stock price, falling 6.1% on Friday. After trading as low as $23.56, the stock closed at $24.69. This movement marked a notable shift from its previous close at $26.30.

Trading Volume Surge

Approximately 329,472 shares exchanged hands during the trading session, reflecting an increase of 23% from the average daily volume of 267,404 shares. This leaves the business with a 50-day moving average price of $21.64.

Company Profile

Trump Media & Technology Group Corp., established in 2021 and based in Sarasota, Florida, is the developer behind the social media platform known as Truth Social. The platform aims to provide comprehensive social networking services within the United States.

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Mark Eisenberg is a financial analyst and writer with over 15 years of experience in the finance industry. A graduate of the Wharton School of the University of Pennsylvania, Mark specializes in investment strategies, market analysis, and personal finance. His work has been featured in prominent publications like The Wall Street Journal, Bloomberg, and Forbes. Mark’s articles are known for their in-depth research, clear presentation, and actionable insights, making them highly valuable to readers seeking reliable financial advice. He stays updated on the latest trends and developments in the financial sector, regularly attending industry conferences and seminars. With a reputation for expertise, authoritativeness, and trustworthiness, Mark Eisenberg continues to contribute high-quality content that helps individuals and businesses make informed financial decisions.​⬤