Stock Market News

Trump Media shares rise after Trump says he won’t sell

2 weeks ago

1 minute read

2024.11.08 10:45

WASHINGTON (Reuters) – Shares of Trump Media & Technology Group rose on Friday after U.S. President-elect Donald Trump said he had no intention of selling his shares in the company, which owns his Truth Social media platform.

In a post on Truth Social, Trump rejected what he described as rumors that he was planning to sell shares.

“There are fake, untrue, and probably illegal rumors and/or statements made by, perhaps, market manipulators or short sellers, that I am interested in selling shares of Truth,” Trump wrote.

“THOSE RUMORS OR STATEMENTS ARE FALSE. I HAVE NO INTENTION OF SELLING!,” Trump added.

© Reuters. FILE PHOTO: The Truth social network logo is seen on a smartphone in front of a display of former U.S. President Donald Trump in this picture illustration taken February 21, 2022. REUTERS/Dado Ruvic/Illustration/File Photo

Shares of the company were up about 8.7% at $30.15 in midmorning trade on the Nasdaq after earlier rising 12.5%.

On Thursday, shares in the company slumped as speculative bets on Trump winning a second term lost steam a day after his victory over Democrat Kamala Harris.

2 weeks ago

1 minute read

Bitcoin (BTC) $ 98,622.42 0.14%

Ethereum (ETH) $ 3,449.67 3.22%

Tether (USDT) $ 1.00 0.14%

Solana (SOL) $ 259.07 1.01%

BNB (BNB) $ 662.57 2.60%

XRP (XRP) $ 1.49 5.81%

Dogecoin (DOGE) $ 0.450646 10.55%

USDC (USDC) $ 1.00 0.10%

Cardano (ADA) $ 1.08 2.12%

Lido Staked Ether (STETH) $ 3,449.65 3.27%

TRON (TRX) $ 0.215106 3.17%

Avalanche (AVAX) $ 42.66 3.60%

the-open-network

Toncoin (TON) $ 6.49 16.77%

Shiba Inu (SHIB) $ 0.000027 8.23%

Stellar (XLM) $ 0.536392 20.16%

Wrapped stETH (WSTETH) $ 4,067.83 2.63%

wrapped-bitcoin

Wrapped Bitcoin (WBTC) $ 98,165.30 0.24%

Polkadot (DOT) $ 9.36 31.84%

Chainlink (LINK) $ 17.97 6.01%

Bitcoin Cash (BCH) $ 519.70 5.67%

Sui (SUI) $ 3.55 0.08%

WETH (WETH) $ 3,451.06 3.15%

Pepe (PEPE) $ 0.000021 4.96%

LEO Token (LEO) $ 8.63 1.58%

NEAR Protocol (NEAR) $ 6.50 3.65%

Litecoin (LTC) $ 101.41 0.20%

Aptos (APT) $ 13.28 4.81%

Uniswap (UNI) $ 10.99 7.31%

Wrapped eETH (WEETH) $ 3,628.04 2.99%

hedera-hashgraph

Hedera (HBAR) $ 0.154574 6.50%

internet-computer

Internet Computer (ICP) $ 11.76 3.42%

crypto-com-chain

Cronos (CRO) $ 0.201332 6.18%

USDS (USDS) $ 1.00 1.02%

polygon-ecosystem-token

POL (ex-MATIC) (POL) $ 0.588878 11.71%

Ethereum Classic (ETC) $ 30.31 1.84%

Render (RENDER) $ 8.02 3.59%

Bittensor (TAO) $ 537.32 1.41%

Kaspa (KAS) $ 0.156145 0.33%

Artificial Superintelligence Alliance (FET) $ 1.49 12.36%

Ethena USDe (USDE) $ 1.00 0.09%

Bonk (BONK) $ 0.000049 1.81%

Arbitrum (ARB) $ 0.887416 6.54%

WhiteBIT Coin (WBT) $ 24.83 0.85%

VeChain (VET) $ 0.043663 12.50%

Dai (DAI) $ 1.00 0.13%

Cosmos Hub (ATOM) $ 8.92 11.68%

Filecoin (FIL) $ 5.69 12.75%

dogwifhat (WIF) $ 3.39 5.47%

MANTRA (OM) $ 3.72 3.34%

Stacks (STX) $ 2.12 3.08%