Trump Media, trading under the DJT ticker, has more than doubled in share price during the criminal trial of majority shareholder Donald Trump.
Trump Media, owner of the Truth Social app, has seen a series of gains for its DJT ticker, even after majority shareholder Donald Trump earned extra shares.
The shares were part of a contractual "earnout bonus" that Trump's eponymous media company agreed to shortly before it went public in March.
Donald Trump is the majority shareholder in Trump Media and the best-known user of its Truth Social app. When DJT shares fall, his net worth can take a bit hit.
Trump, the presumptive Republican presidential nominee, now owns close to two-thirds of the company's outstanding shares.
Former President Donald Trump has secured another $1.6 billion worth of shares in Trump Media. That's according to a regulatory filing this week. Based on the company’s stock hitting certain price benchmarks, Trump was awarded an additional 36 million shares in the company that owns his social media platform Truth Social. That brings his total ownership to more than 114 million shares, which based on Tuesday's closing price, are worth $5.1 billion. For now, the value of those shares is...
Former President Donald Trump is already the majority shareholder in Trump Media, which trades under the ticker DJT.
WASHINGTON (AP) — Former President Donald Trump has secured another $1.8 billion worth of shares in Trump
WATCH: MSNBC Legal Contributor Katie Phang breaks down what happened during day ten of former President Donald Trump's hush money trial.
MSNBC Legal Contributor Katie Phang breaks down what happened during day nine of former President Donald Trump's hush money trial.
The stock has had several volatile days in the past month, trading at a high of about $60 a share and a low of just over $20 per share.
MSNBC Legal Contributor Katie Phang breaks down what happened during day eight of former President Donald Trump's hush money trial.