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Trump's Truth Social stock (DWAC) on another tear, up over 10% today
Bigcharts ^ | 02/05/2024 | self

Posted on 02/05/2024 12:12:46 PM PST by Eccl 10:2

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Something is up, and it's reflected in the stock price
1 posted on 02/05/2024 12:12:46 PM PST by Eccl 10:2
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To: Eccl 10:2

How many shares does Trump own?


2 posted on 02/05/2024 12:14:03 PM PST by Fungi
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To: Eccl 10:2

just wait until they get the effect notice for merger! whooooo doggie.


3 posted on 02/05/2024 12:14:12 PM PST by spacejunkie2001
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To: Fungi

most


4 posted on 02/05/2024 12:14:31 PM PST by spacejunkie2001
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To: Eccl 10:2

up 15%

something very definite happened right around 10AM today and buying has sustained ever since.


5 posted on 02/05/2024 12:15:52 PM PST by spacejunkie2001
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To: spacejunkie2001

“Most” is not a number.


6 posted on 02/05/2024 12:19:51 PM PST by Fungi
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To: Eccl 10:2

“Something is up, and it’s reflected in the stock price”

Still down 20% from last month.


7 posted on 02/05/2024 12:20:22 PM PST by TexasGator
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To: Fungi

Trump himself directly is not listed as one of the major shareholders. I don’t know of a way to see how much he owns:

Major HoldersCurrency in USD

Breakdown
3.78% % of Shares Held by All Insider
4.60% % of Shares Held by Institutions
4.78% % of Float Held by Institutions
136 Number of Institutions Holding Shares

Top Institutional Holders
Holder Shares Date Reported % Out Value
Susquehanna International Group, LLP 679,861 Sep 29, 2023 2.26% 31,273,606
Sapient Capital LLC 145,569 Dec 30, 2023 0.48% 6,696,174
Atika Capital Management, LLC 109,562 Sep 29, 2023 0.36% 5,039,852
Buckingham Strategic Wealth, LLC 81,100 Sep 29, 2023 0.27% 3,730,600
LPL Financial LLC 47,404 Sep 29, 2023 0.16% 2,180,584
Chickasaw Capital Management, LLC 29,000 Dec 30, 2023 0.10% 1,334,000
Commonwealth Equity Services, LLC 28,142 Sep 29, 2023 0.09% 1,294,532
Cambridge Investment Research Advisors Inc. 26,176 Sep 29, 2023 0.09% 1,204,096
Osaic Holdings Inc 27,793 Sep 29, 2023 0.09% 1,278,478
Lincoln Capital Corp 20,000 Dec 30, 2023 0.07% 920,000
Top Mutual Fund Holders
Holder Shares Date Reported % Out Value
Fidelity NASDAQ Composite Index Fund 17,141 Dec 30, 2023 0.06% 788,486
Series Portfolios Tr-Unusual Whales Subversive Republican Trading ETF 16 Sep 29, 2023 0.00% 736


8 posted on 02/05/2024 12:20:39 PM PST by Eccl 10:2 (Prov 3:5 --- "Trust in the Lord with all your heart, and lean not on your own understanding")
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To: spacejunkie2001

Short selling?


9 posted on 02/05/2024 12:23:10 PM PST by TexasGator
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To: TexasGator

“Still down 20% from last month.”

??????????????????????

Yeah, from a one-time speculative high on one day. It has appx tripled YTD.

Sounds like you are cherry-picking data to make a ridiculously bad point.


10 posted on 02/05/2024 12:24:01 PM PST by Eccl 10:2 (Prov 3:5 --- "Trust in the Lord with all your heart, and lean not on your own understanding")
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To: Fungi

around 55%


11 posted on 02/05/2024 12:25:55 PM PST by spacejunkie2001
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To: TexasGator

seriously??? LOL what are you even looking at? This has been in the teens for months and months


12 posted on 02/05/2024 12:27:14 PM PST by spacejunkie2001
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To: TexasGator; All

It’s up almost 200% this year. Stop being silly


13 posted on 02/05/2024 12:27:45 PM PST by wiseprince (Me)
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To: Eccl 10:2

“There are no fundamentals here,” he said (Matthew Tuttle, CEO of Tuttle Capital Management). “This is all investors playing what’s going on with Trump on a blow-by-blow basis, crushing the shorts and creating a short squeeze.”

A short squeeze occurs when investors that bet against a stock are forced to unwind their bets and buy the stock back at a higher price. That in turn drives the share price even higher, creating further losses for short-sellers.


14 posted on 02/05/2024 12:28:07 PM PST by joesbucks (It's called love-bombing. Claiming he's saving the world. This is a cult. Just back away. )
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To: TexasGator

no, short COVERING


15 posted on 02/05/2024 12:28:18 PM PST by spacejunkie2001
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To: Eccl 10:2

Trump only owns TMTG, not DWAC. When the merger happens, he is majority owner. That’s why they got rid of the PIPE investors as they would have had the ability with the shares they got to own more than DJT. Not good.


16 posted on 02/05/2024 12:29:21 PM PST by spacejunkie2001
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To: Eccl 10:2

Thanks for posting.


17 posted on 02/05/2024 12:31:22 PM PST by PGalt (Past Peak Civilization?)
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To: Fungi

“How many shares does Trump own?”

#######################

From Wikipedia:

“Trump owned about 90% of the company in April 2023. Since January 2022, former U.S. representative Devin Nunes has served as the company’s chief executive officer. “

https://en.wikipedia.org/wiki/Trump_Media_%26_Technology_Group#:~:text=The%20merger%20had%20not%20been,raised%20from%20investors%20for%20TMTG.&text=Trump%20owned%20about%2090%25%20of,the%20company‘s%20chief%20executive%20officer.

#####################################

Per Yahoo, the market cap of DWAC is $1.738 billion.

So if Trump owns 90%, that about $1.5642 billion.

At $46/sh, that’s appx 34,000,000 shares.


18 posted on 02/05/2024 12:35:07 PM PST by Eccl 10:2 (Prov 3:5 --- "Trust in the Lord with all your heart, and lean not on your own understanding")
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To: Eccl 10:2

someone is looking to buy it.


19 posted on 02/05/2024 12:36:22 PM PST by JonPreston ( ✌ ☮️ )
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To: spacejunkie2001

“Trump only owns TMTG, not DWAC.”

$$$$$$$$$$$$$$$$$$

You are correct - I did not provide accurate information.

The 90% figure appears to be for TMTG stock, not DWAC.


20 posted on 02/05/2024 12:38:04 PM PST by Eccl 10:2 (Prov 3:5 --- "Trust in the Lord with all your heart, and lean not on your own understanding")
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