Trump Media Announces Truth+ App for Android, Stock Surges 15%, 1.8% Pre-Market
Trump Media & Technology Group (TMTG) has announced the release of its Truth+ streaming app for Android devices. The announcement has led to a significant surge in the company's stock price, with $DJT up 15% today and 1.8% pre-market. This marks a notable recovery since the stock hit a new low late last month. The company also plans to release an iOS version of the app soon. Additionally, there has been significant options activity, with a buyer of 50,000 November $25/$35 call spreads.
Sources
Paul R. La Monica$DJT continues impressive surge since hitting a new low late last month. Up 15% today. Has nearly doubled from the bottom. But still way off post-SPAC completion high earlier this year. Latest catalyst? Company unveiled Truth+ streaming app for Android. iOS version on the way.
Hardik Shah
📢 𝐉𝐔𝐒𝐓 𝐈𝐍: $DJT Trump Media Launches Truth+ Streaming App for Android Devices https://t.co/xjDshktDEA
Joe Kunkle Trump Media $DJT buyer 50,000 November $25/$35 call spreads captures Election