Trump Media Stock Surges 24 Percent in First Week of Trading

Trump Media &amp, Technology Group’s ( TMTG ) stock performance exceeded expectations in its first week of trading, rising by more than 24 percent.
Following a previously-merged merger with Digital World Acquisition Corp. ( DWAC ), TMTG, Truth Social’s parent company, started trading on NASDAQ on Tuesday. Shares of DWAC traded at$ 49.95 on Monday’s close. By the end of the week on Thursday, TMTG was trading at$ 61.96, up by over 24 percent. According to Easter, the property sector remained closed on Friday.
President Trump holds 78.75 million shares in the company. At$ 61.96 per share, the former president’s stake in TMTG is now worth$ 4.87 billion, while TMTG’s market capitalization is at$ 8.39 billion. President Trump’s net worth was$ 7.48 billion as of March 30 according to the Bloomberg Billionaires Index. He ranked at the 350th position in the list of the country’s 500 richest individuals….

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