

Trump Media & Technology Group Corp. (stock symbol: $DJT) is experiencing significant market challenges, as indicated by the formation of a 'Death Cross' for the first time in its history. This technical analysis signal suggests a potential downtrend in the stock's price. Recent filings reveal that major institutional investors, including BlackRock and Vanguard, acquired substantial positions in Trump Media during the second quarter of 2024. Specifically, Vanguard purchased 2.9 million shares, while BlackRock added 2.2 million shares. Despite this institutional interest, the stock has been underperforming, with a noted decline of 0.5% in pre-market trading. Analysts have expressed concerns about the stock's weakness, evidenced by the opening of 1,000 November $30 bear synthetics at an $8.40 debit, indicating bearish sentiment among traders.
Trump Media $DJT staying one of the weakest stocks and sees 1000 November $30 bear synthetics open at $8.40 debit https://t.co/MjHRRgAF0C
Vanguard, BlackRock, And State Street Among Institutional Investors Making Significant Purchases In Trump Media & Technology Group Ahead Of Russell Index Inclusions; Vanguard Acquires 2.9M Shares, BlackRock Buys 2.2M Shares, And State Street Purchases 440K Shares; Other Investors…
$MGTX $5M worth perceptive advisors! https://t.co/I932sptq7j https://t.co/4QCIXNal2z