What's Going On With Trump Media & Technology Group Stock Tuesday?

Trump Media & Technology Group Corp DJT stock is trending Tuesday after the company successfully completed its business combination with Digital World and began trading on the Nasdaq.

What Happened: Shareholders approved Digital World’s proposed merger with former President Donald Trump's Trump Media & Technology Group Corp at the end of last week. The company noted that "the vast majority" of votes cast at its shareholder meeting were in favor of approving the business combination.

Digital World announced the completion of its business combination on Monday. Digital World now operates as “Trump Media & Technology Group Corp” and began trading under the ticker symbol “DJT” on Tuesday.

In a new press release issued ahead of the open on Tuesday, Trump Media said its ticker symbol pays direct homage to Trump, the company’s former chairman and director. The company also said it believes Trump Media’s commencement of trading in public markets is a testament to Americans’ demands for free-speech platforms that reject censorship.

“We built this company to protect the American people’s voices and their freedom,” said Devin Nunes, CEO of Trump Media & Technology Group Corp.

“Having transformed into a public company, Truth Social remains committed to maintaining and vehemently defending a digital space for free expression.”

Check This Out: Is Donald Trump’s Truth Social’s Public Debut Worth The Hype? Expert Urges Caution

How To Buy DJT Stock

By now you're likely curious about how to participate in the market for Trump Media & Technology – be it to purchase shares, or even attempt to bet against the company.

Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy ‘fractional shares,' which allows you to own portions of stock without buying an entire share.

In the case of Trump Media & Technology, which is trading at $63.70 as of publishing time, $100 would buy you 1.57 shares of stock.

If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to ‘go short' a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.

DJT Price Action: Digital World shares closed Monday up 35.2% at $49.95. Trump Media stock was up 41.61% at $70.74 at the time of publication, according to Benzinga Pro.

Photo: Shutterstock.