Trump Media & Technology Group Corp. (NASDAQ:DJT) saw a 9.7% increase in its stock price during mid-day trading on Tuesday, reaching as high as $37.60 before closing at $36.78. The volume of shares traded was 3,692,052, a 38% decrease from the average volume of 5,940,341 shares. The stock had closed at $33.52 prior to this increase.
The firm’s fifty-day simple moving average is $43.11. Trump Media & Technology Group last reported its earnings results on Monday, May 20th, with a reported EPS of ($3.61) and revenue of $0.77 million for the quarter. The company is known for developing the social media platform called Truth Social that provides social networking services in the United States. It was founded in 2021 and is based in Sarasota, Florida.
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