Shares of Trump Media & Technology Group (DJT) are falling on Wednesday after Special Counsel Jack Smith filed an amended indictment against former President Donald Trump on Tuesday in connection with the January 6th events.
detail:
According to CNN, the new indictment retained all four of the original charges against Trump but was revised to exclude certain charges and revise the description of the charges regarding Trump's alleged attempts to overturn the election.
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Trump appeared to respond to the revised indictment on Truth Social on Wednesday morning.
“The worst kind of election interference! MAGA2024,” he posted.
The former president confirmed Tuesday that he has agreed to appear live at a debate with Vice President Kamala Harris on Sept. 10 in Philadelphia, Pennsylvania.
With just over two months until the election, TMTG shares are falling on Wednesday as investors consider amendments to the indictment that could impact Trump's election strategy. Trump Media & Technology shares have fallen more than 17% over the past five days, below its 50-day moving average of $29.46, according to Benzinga Pro data.
How to buy DJT shares:
Now that you've read this far, you might be curious about how to get in on the Trump Media & Technology market — whether that means buying shares or placing a bet on the company.
Buying stocks is usually done through a brokerage account. You can find a list of available trading platforms here. Many brokerages allow you to buy “fractional shares”, which allows you to own a portion of a stock without buying the entire stock. For example, some stocks, such as Berkshire Hathaway, can cost thousands of dollars just to own one share. However, if you want to invest only a fraction of it, your brokerage will allow you to do so.
In the case of Trump Media & Technology, which was trading at $20.19 at the time of writing, $100 would buy you 4.94 shares.
If you're betting on a company, the process is more complicated. You'll need access to an options trading platform or a broker that allows you to “short” a stock by lending you shares to sell. To learn about the process of shorting a stock, see this resource. Otherwise, if your broker allows options trading, you can buy a put option or sell a call option with a strike price higher than the stock's current trading price. Either way, you can profit from a fall in the stock's price.
DJT Price Action: Trump Media & Technology Group shares were down 3.81% to $20.19 as of Wednesday's announcement, according to Benzinga Pro.
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