Trump Media & Technology Group Corp. DJT stock is trading higher on Monday after the company announced the release of its Truth+ streaming service on the web.
What To Know: Truth+ streaming service’s content ranges from entertainment, news and faith-based programming to documentaries and weather. Apart from the web, users can access it via an Android app.
Trump Media plans to release an iOS version of the app shortly. The company also aims to make the streaming service available on Apple TV, Android TV, Amazon Fire and other devices in the future.
The streaming service is already accessible to those that hold a Truth Social account, with a limited version of the streaming service directly available on Truth Social.
How To Buy Trump Media & Technology Stock
By now you’re likely curious about how to participate in the market for Trump Media & Technology DJT – 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. For example, some stock, like Berkshire Hathaway, or Amazon.com, can cost thousands of dollars to own just one share. However, if you only want to invest a fraction of that, brokerages will allow you to do so.
In the the case of Trump Media & Technology DJT, which is trading at $26.97 as of publishing time, $100 would buy you 3.71 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: At the time of publication, Trump Media & Technology shares are trading 12.9% higher at $28.55, according to data from Benzinga Pro.
Image: Photo via Shutterstock
Market News and Data brought to you by Benzinga APIs
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.