Trump Media & Technology Group Corp. (NASDAQ:DJT) shares are trading lower Wednesday after Special Counsel Jack Smith filed a revised indictment Tuesday against former President Donald Trump in connection with the Jan. 6 case.
The Details:
The new indictment maintained all four of the original charges against Trump but has been revised to exclude certain allegations and modified the description of the allegations regarding Trump's purported attempts to subvert the election, according to CNN.
Trump seemed to respond to the revised indictment on Truth Social Wednesday morning:
"ELECTION INTERFERENCE AT ITS WORST! MAGA2024," he wrote in a post.
The former President confirmed Tuesday that he has reached an agreement to appear live for a debate against Vice President Kamala Harris on Sept. 10 in Philadelphia, Pennsylvania.
TMTG stock is falling Wednesday as investors weigh the revised indictment which could impact his campaign strategy with just over two months until the election. According to data from Benzinga Pro, Trump Media & Technology shares are down more than 17% over the past five days and moving below the stock's 50-day moving average of $29.46.
How To Buy DJT Stock:
By now you're likely curious about how to participate in the market for Trump Media & Technology – be it to purchase shares, or even attempt to bet against the company.
Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy 'fractional shares,' which allows you to own portions of stock without buying an entire share. For example, some stock, like Berkshire Hathaway, can cost thousands of dollars to own just one share. However, if you only want to invest a fraction of that, brokerages will allow you to do so.
In the the case of Trump Media & Technology, which is trading at $20.19 as of publishing time, $100 would buy you 4.94 shares of stock.
If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to 'go short' a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.
DJT Price Action: According to Benzinga Pro, Trump Media & Technology Group shares are down 3.81% at $20.19 at the time of publication Wednesday.
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