Trump Media & Technology Group (DJT) stock shed another 5% on Wednesday as the market continued to turn its nose up at the former president’s meme stock.
Trump Media loses 5.4% on Wednesday, its most subdued move recently. Chair Powell lent the market some optimism, but markets are dour overall. Reddit stock also sagged midweek as traders ignore meme stocks for the moment. The $45 to $50 window is acting as a new support region for DJT. Trump Media & Technology Group stock shed another 5% on Wednesday as the market continued to turn its nose up at the former president’s meme stock. DJT dropped 5.4% to $48.
Meme stocks FAQs What is a meme stock? Meme stocks are stocks favored by retail traders – but not by professional or institutional traders – that grow popular through its backers publishing memes on social media websites to win converts. Images or GIFs are typically used to transmit some type of excitement, committment or comedy regarding investment in the stock.
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