Trump Media & Technology Group Corp. DJT is seeing high trading volume on Wednesday and is trending on social media as investors invest in the stock. The stock has seen Donald Trump‘s campaign.

Possible restructuring of the RFK campaign:

Trump Media stock often moves based on developments surrounding Donald Trump, and investors may react to comments from Robert F. Kennedy Jr. Vice-candidate, Nicole Shanahanyesterday in an interview on the podcast “Impact Theory”.

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In the interview, Shanahan raised the possibility of suspending Kennedy’s independent presidential campaign and endorsing Trump’s candidacy. Such a move would help Trump’s campaign by preventing a potential split among conservative voters ahead of the 2024 general election.

“We are considering two options. One of them is to stay in the party and form a new party. But we run the risk that a Kamala Harris And Rolling Presidency because we’re taking votes away from Trump, or because we’re somehow taking more votes away from Trump,” Shanahan said in the interview. “Or we’re going away now and allying ourselves with … Donald Trump.”

What else:

Donald Trump is scheduled to hold a rally in North Carolina on Wednesday at 2:00 p.m. ET. Trump’s statement in a post on Truth Social indicated that he would make a comment on national security.

In addition, the Democratic Party Convention continues this week in Chicago. On Thursday evening, presidential candidate Vice President Harris will deliver her acceptance speech.

According to data from Benzinga Pro, Trump Media’s stock price has fallen about 30% in the past month, following Trump’s July 13 assassination attempt and a previous recovery.

DJT Stock Forecast 2024:

Stock analysts on and off Wall Street typically use earnings growth and fundamental analysis as a means of valuation and forecasting. However, many in trading rely on technical analysis to create predictive models for stock price movements.

Some investors look to trends to predict what a stock’s price might be at a certain point in the future. Using Trump Media & Technology as an example, an investor might assess a stock’s long-term prospects using a moving average and a trendline. If they believe a stock will stay above the moving average, which many consider a bullish signal, they can extrapolate that trend into the future using a trendline.

Traders believe that it is a generally positive signal when a stock is above its moving average, and a more negative signal when it falls below it. Investors can use trend lines to make an educated guess about how a stock might trade at a later date if conditions remain stable.

DJT price promotion: According to Benzinga Pro, shares of Trump Media & Technology Group are up 14.1% at $24.43 at the time of publication on Wednesday.

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