Trump Media & Technology Group Corp. (DJT) is experiencing a rise in its stock price today, likely influenced by recent institutional interest. State Street Corp's acquisition of 709,230 shares, valued at approximately $11,397,000, has been a notable development. This move, along with other institutional investments, has increased confidence in the stock, as 4.29% of DJT is now owned by institutional investors. Additionally, discussions on Reddit reflect a mix of enthusiasm and skepticism, with some users expressing bullish sentiments, such as "Can’t stop - won’t stop 🚀🚀🚀," while others debate the potential impact of political events on the stock's trajectory.
The stock opened at $35.60 and has reached a high of $36.98, currently trading at $36.93, marking a 3.19% increase from the previous close of $35.79. Despite being early in the trading day, the volume is relatively low at 1,035,670 shares, just 2.53% of its average daily volume of 40,993,514.