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should bank of india limited (bankindia) be sold ✌️【Part-Time Position】✌️ Expert predictions with real-time stock indices, futures data, and metals, energy market data to help you seize the best investment opportunities. President-elect Donald Trump’s social media stock had been sinking fast after a short-lived, post-election-victory surge this week. Then, with a single post on Truth Social, he helped boost the stock again – and added a half billion dollars to his net worth as a result.
should bank of india limited (bankindia) be sold ✌️【Part-Time Position】✌️ Precise predictions of high-potential stocks to help you avoid risks and quickly recover and grow. At Friday’s market open, in what was likely a classic “buy the rumor and sell the news” trade, shares of Trump Media and Technology Group had fallen 42% since their recent peak shortly after Wednesday’s open. Traders often buy a stock in anticipation of a positive event for a company – and when it happens, they sell to take their share of their profitable bet.
But then, a half-hour into trading Friday, when shares were down again, Trump sent out aTruth Social postabout the company’s stock: “There are fake, untrue, and probably illegal rumors and/or statements made by, perhaps, market manipulators or short sellers, that I am interested in selling shares of Truth. THOSE RUMORS OR STATEMENTS ARE FALSE. I HAVE NO INTENTION OF SELLING!”
Immediately after, the stock surged, rising nearly 15% Friday. Trump is the company’s single largest shareholder, and his 114.75 million shares are now worth about $3.7 billion. That’s up from $3.2 billion at Friday’s market open.
Friday’s jump helped the stock land in the green for the week – but not by much. Trump media rose just 4.4% over the past five days.
should bank of india limited (bankindia) be sold ✌️【Part-Time Position】✌️ Expert predictions with real-time global stock and futures data to help you easily capture market movements. The company has been called a “meme stock” that has been extremely volatile since it went public in March, and it does not trade on its fundamental business value. Throughout the year, Trump Media’s stock has traded as a kind of barometer for Trump’s election chances. Itquadrupled in valueover a five-week span beforeplunging by 41%over three days at the end of last week. It thenrebounded sharplythe day before the election.
should bank of india limited (bankindia) be sold ✌️【Part-Time Position】✌️ Real-time updates of global stock indices and futures trends to help you plan precise investments. Truth Social’s business is minuscule by comparison with its better-known rivals such as X, TikTok and Instagram. The company is in a cash crunch and said it brought in less than $1 million in revenue in the past quarter.
should bank of india limited (bankindia) be sold ✌️【Part-Time Position】✌️ Precise stock selection to help you successfully plan investment strategies for stable returns. Trump has previously said he has no intention to sell his shares in the stock. That could be difficult to do, anyway, because the company’s valuation depends almost entirely on Trump’s ownership and participation on Truth Social, its core product. But Friday’s reminder was enough to give traders hope that Trump will continue with the company, even while he is President of the United States.
should bank of india limited (bankindia) be sold ✌️【Part-Time Position】✌️ Free real-time market data to help you quickly recover and avoid losses. The fact that Trump can benefit financially from the statements he makes on the social media platform has raised ethical concerns – as have his many other business ties.
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should bank of india limited (bankindia) be sold ✌️【Part-Time Position】✌️ Real-time global stock, futures, and forex data to help you quickly assess market trends and achieve stable returns.