Trump Social-Media Stock ‘DJT’ Slumps After Presidential Debate: A Closer Look at Premarket Movers
Trump Social-Media Stock Sees Significant Decline
Trump media & technology shares are witnessing a dramatic dip, down more than 16% as investors react to Tuesday’s presidential debate. Many believe this debate decreases Donald Trump's chances of reclaiming the White House, leading to increased sell-offs in his associated stock.
Impact on Cryptocurrency Investments
On a related note, MicroStrategy and Coinbase Global, both heavily tied to Bitcoin investments, are down 3.5% and 2.5%, respectively, reflecting market concern following Trump's recent favorable comments about cryptocurrency.
GameStop and Dave & Buster’s Performance
- GameStop shares fell over 9% despite reporting a quarterly profit, attributed to a steep drop in sales exceeding 30% alongside a new stock offering.
- Dave & Buster’s saw a bright spot, with shares surging nearly 13% after announcing increased profit and revenue in its fiscal second quarter.
Rentokil Shares Decline
U.S.-listed shares of Rentokil are down 17%, further impacted by the latest market trends.
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.