Trump Media & Technology Group, the company behind the social media platform Truth Social, recently made a significant milestone as it was added to the Russell Indexes during their annual reconstitution. This move is expected to increase visibility and potentially attract more investment from index funds.
Being included in the Russell 1000, which features some of the largest U.S. companies, can improve liquidity and draw the attention of institutional investors. This development underscores the importance of being a part of these indexes for the company’s growth and market presence.
In another legal development, the Supreme Court ruled that former President Donald Trump and other past presidents have immunity for actions taken within their Constitutional authority while in office. However, they can be held accountable for actions taken outside of their official capacity. This ruling positively impacted Trump Media stock, where Trump holds a majority stake.
Over the past year, Trump Media & Technology Group’s stock has experienced a remarkable surge of 162%. Analysts often compare its stock performance to meme stocks like GameStop Corp GME, highlighting its growth potential and market interest.
At the last check on Tuesday, DJT shares were trading higher by 0.48% at $33.24 premarket. This news and data are provided by Benzinga APIs, showcasing the latest developments in the market. Benzinga does not offer investment advice, and all rights are reserved.
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