Marjorie Taylor Greene's Significant Loss on Trump Media Stocks

Wednesday, 14 August 2024, 14:32

In October 2021, Marjorie Taylor Greene made a notable investment in Trump Media, purchasing shares that are now significantly devalued. Her investment, estimated between $15,000 and $50,000, has since lost up to $46,000 in value due to a sharp decline in the company's stock price. With current concerns regarding investor confidence and recent technical analysis indicating further declines, Greene's stock bet appears to have been ill-timed amidst growing short interest in the company.
Finance in Bold
Marjorie Taylor Greene's Significant Loss on Trump Media Stocks

Introduction

In October 2021, Republican Representative Marjorie Taylor Greene made a bold financial move by investing in Trump Media (NASDAQ: DJT). This article delves into the current state of her investment and the challenges facing Trump Media.

Investment Overview

  • Initial investment range: $15,000 to $50,000
  • Estimated shares purchased: 200 - 600
  • Current stock price: $23.54

At peak value, Greene's investment was worth between approximately $4,700 and $14,000, reflecting a significant loss.

Current Market Performance

  1. DJT shares experienced a YTD increase of nearly 35% earlier in the year.
  2. However, recent trends indicate a decline, with only 10 positive trading days in the last 30.
  3. DJT is down 41.97% over the last month.

Technical Analysis

Technical analysis indicates that a death cross pattern has formed for DJT, suggesting further weakness ahead. This development has raised concerns about the stock's future performance.

Investors' Concerns

Investors have reacted negatively to a weak earnings report and the absence of an earnings call, contributing to a steep rise in short interest from 5,219,586 to 8,282,108 shares.

Conclusion

Given these factors, Greene's investment in Trump Media exemplifies the risks involved in stock trading, particularly concerning speculative investments in companies with volatile performance records.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


Related posts


Newsletter

Get the most reliable and up-to-date financial news with our curated selections. Subscribe to our newsletter for convenient access and enhance your analytical work effortlessly.

Subscribe