Trump Media & Technology Group Corp. (DJT) is seeing a rise in its stock price today, likely driven by anticipation surrounding President-elect Donald Trump's upcoming inauguration on January 20. The stock has been a focal point for retail traders, often compared to meme stocks like AMC and GameStop, where sentiment plays a significant role in price movements. The inauguration festivities, set to begin with a reception and fireworks on January 18, have likely fueled speculative trading, as investors anticipate potential announcements or developments that could impact the company's future.
Despite the lack of new developments today, DJT's stock price has increased by 3.46% to $42.42 as of 10:02 am on January 17, compared to the previous close of $41.00. The stock opened at $41.80 and has reached a high of $42.80 and a low of $41.05. Despite being just over 30 minutes into the trading day, the stock has seen a volume of 6,290,451 shares, which is 17.65% of its average daily volume of 35,642,519 shares, indicating a relatively slow start to the trading session.