Trump Media Surges 13% Pre-Market: Fabrication or Revelation?
Source Tradingkey
TradingKey - As of the end of May 27, Trump Media & Technology Group (DJT.US) rose sharply in pre-market trading, surging 13% to USD 29.07 per share.
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Earlier reports indicated that former U.S. President Donald Trump’s social media parent company — Trump Media & Technology Group (TMTG) — is planning to raise USD 3 billion, reportedly intended for investment in Bitcoin and other cryptocurrency assets. According to sources, the story was first published by The Times of the United Kingdom and later picked up by news agencies including Reuters.
In response, the company has labeled the reports as “fake news.” However, the market appears to be ignoring Trump Media's denial, with shares continuing to surge strongly before regular trading begins.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
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