Zinger Key Points
- President-elect Donald Trump is set to be inaugurated as the next President of the United States in one week.
- Trump's inaugural committee announces the official four-day schedule of events.
Trump Media & Technology Group Corp DJT shares are trading higher Monday, a week ahead of President-elect Donald Trump’s inauguration. Here’s what you need to know.
What To Know: Trump and Vice President-elect JD Vance will be inaugurated as the next administration next week. Trump’s inaugural committee announced the official four-day schedule of events on Monday.
A president’s reception and fireworks show are set to take place on Saturday, according to Politico. A wreath laying ceremony will take place on Sunday followed by Trump's MAGA "Victory Rally" and a candlelight dinner.
“The 60th Inauguration will herald President Trump's triumphant return to the White House and the start of the great American comeback. These special events will honor the rich history and tradition of our great nation, the American people, and the promise our country holds for future generations,” said Inaugural Committee co-chairs Steve Witkoff and Kelly Loeffler.
Check This Out: Trump Organization Unveils Ethics Plan To Distance President-Elect Donald Trump From Operations
Trump is scheduled to be sworn in at noon on Monday. It’s likely that shares of Trump Media, the parent company of social media platform Truth Social, will continue to see increased attention leading up to the inauguration. Traders appear to be anticipating increased volatility as Trump, who owns a majority stake in Trump Media, prepares to return to the White House.
Trump Media is due to report quarterly financial results about two weeks after Trump’s inauguration. Last quarter, the company turned in third-quarter net sales of $1.01 million, down 6% year-over-year. Trump Media reported a loss of 10 cents per share, improved from a loss of 30 cents per share in the prior year’s quarter.
“TMTG’s success depends in part on the popularity of our brand and the reputation and popularity of President Donald J. Trump. The value of TMTG’s brand may diminish if the popularity of President Donald J. Trump were to suffer,” the company said at the time.
DJT Price Action: Trump Media shares were up 10.4% at $38.99 at the time of publication Monday, according to Benzinga Pro.
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