Trump Media & Technology Group Corp. DJT shares are trading higher Wednesday following the stock's Nasdaq debut on Tuesday. Here's a look at what to know.
What To Know:
Trump Media & Technology Group began trading on the Nasdaq Tuesday after completing its long-awaited business combination with Digital World Acquisition Corp. The stock jumped 16% on its first day of trading and ended the session with a market value of $6.58 billion.
Financial commentator Herb Greenberg shared his doubts about the stock's price and company's valuation on CNBC's "Last Call" Tuesday.
"In any other world with any other name or person associated with it, this would be a penny stock," he said. "This company doesn't deserve this valuation."
Jim Cramer expressed a similar sentiment in a post on the social media platform, X.
"Like him or hate him know that this stock is overvalued….," posted Cramer on Wednesday.
Related News: What’s Going On With Rumble Stock?
How To Buy DJT Stock:
By now you're likely curious about how to participate in the market for Trump Media & Technology – be it to purchase shares, or even attempt to bet against the company.
Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy ‘fractional shares,' which allows you to own portions of stock without buying an entire share. For example, some stock, like Berkshire Hathaway, or Amazon.com, can cost thousands of dollars to own just one share. However, if you only want to invest a fraction of that, brokerages will allow you to do so.
In the the case of Trump Media & Technology, which is trading at $65.35 as of publishing time, $100 would buy you 1.53 shares of stock.
If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to ‘go short' a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.
DJT Price Action: According to Benzinga Pro, Trump Media & Technology Group shares are up 14.2% at $66.22 at the time of publication Wednesday.
Image from Shutterstock
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
