The Father-Son Duo Revolutionizing Homebuilding

Paolo and Galiano Tiramani founded BOXABL with a disruptive idea: bring factory efficiency to homebuilding. Today, new homes can roll off their assembly lines in ~4 hours - with 700+ built already. Now, they're prepping for Phase 2, combining modules into larger homes and apartments.

Trump's Media Company Stock Is Up Nearly 8% In Monday's Premarket: What's Going On?

Shanthi Rexaline
September 09, 2024

Trump Media & Technology Group Corp. (NASDAQ:DJT) shares climbed in premarket trading on Monday following their 12% pullback last week when they retreated along with the broader market.

The stock, often criticized by some analysts as a “meme” due to the company’s weak fundamentals, may have gained some backing from the results of a recent New York Times/Siena College poll. The poll results published on Sunday showed that Republican candidate Donald Trump, who owns TMTG, was marginally ahead of his Democratic rival Kamala Harris and these findings went against most recent polls, which give the vice president a slight edge.

TMTG owns the Truth Social media platform.

Trump and Harris would face off in a presidential debate on Tuesday and political commentators expect a clear leader to emerge after the debate.

Trump has a majority 64.9% stake in TMTG, thanks to the 114.7 million shares he owns in the company, according to filings by the company. The company went public on March 26 following the consummation of its long-delayed merger with the SPAC, Digital World Acquisition Corp.

The potential broader market strength, as suggested by futures trading, could also prop the stock on Monday.

The stock will likely see some volatility ahead as the lock-up period for shares held by insiders, including Trump, is set to expire as soon as Sept. 19.

In premarket trading, the stock rose 7.31% to $18.35, according to Benzinga Pro data.

See Also: Best Communication Services Stocks

Photo via Shutterstock

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