A single sentence boosts stock price, Trump Media Company instantly surges 30%.
Trump said he absolutely has no intention of selling his holdings after the lock-up period, and media stock prices of Trump soared during trading. Trump holds nearly 0.115 billion shares of the company, with a market cap of $1.85 billion at the market open on Friday. By the close, the stock price had fallen nearly 80% from its high point in March.
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Trump Social-media Stock 'DJT' Soars as Former President Says He Won't Sell When Lockup Period Ends
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