FMP
Trump Media Shares Drop Over 6% After Jury Convicts Trump in Hush Money Case
May 31, 2024 4:40 PM - Davit Kirakosyan
Image credit: FMP
Trump Media & Technology Group (NASDAQ:DJT), a media and technology company primarily owned by Donald Trump, experienced a more than 6% drop intra-day today after a New York jury found the former US President guilty in the high-profile hush money case.
After two days of deliberation, the jury convicted Trump of falsifying documents to conceal a payment made to silence a porn star before the 2016 election.
Judge Juan Merchan scheduled sentencing for July 11, just days before the Republican National Convention begins on July 15, where Trump is expected to be officially nominated for president.
Since its initial public offering (IPO) in March, DJT stock has garnered significant attention from Trump supporters and speculators, with shares rising as much as 59% on their Nasdaq debut.
Other Blogs
Oct 31, 2023 8:03 AM - Parth Sanghvi
FCFF vs FCFE: What's the Difference?
Free cash flow to the firm (FCFF) and free cash flow to equity (FCFE) are two of the most important metrics used in financial modeling. Both metrics measure the amount of cash that is available to a company's shareholders and creditors, but there is a key difference between the two. FCFF measures...
Nov 25, 2023 6:39 AM - Parth Sanghvi
DCF Valuation vs. Comparable Companies Analysis: Choosing the Right Valuation Method
Choosing the Right Valuation Method: DCF vs. Comparable Companies Analysis Introduction: Valuation methods play a pivotal role in determining the fair value of a company, aiding investors in making informed investment decisions. Two commonly used methods, DCF Valuation and Comparable Companies A...
Dec 23, 2023 2:19 AM - Parth Sanghvi
Understanding the Limitations of DCF Analysis: A Guide to Overcoming Challenges
Introduction: Discounted Cash Flow (DCF) analysis stands as a cornerstone in valuing investments, yet its efficacy is contingent upon various assumptions and methodologies. While a powerful tool, DCF analysis comes with inherent limitations and challenges that investors must acknowledge to make i...
