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Trump Media Stock Is Up 100% From Its Recent Low As The DJT Continues To Rise On Heavy Trade.
(VOR News) – On Thursday morning, the shares of Trump Media resumed their upward trend, reaching a high of 19% for the fourth consecutive day.
This continued the momentum of a resurgence that has succeeded in recouping a fraction of the huge losses that the Truth Social operator experienced during a recent sell-off that lasted for several weeks. There has been a significant length of time that has passed since this growth began.
A little over two weeks ago, DJT stock had reached an intraday trading low of $11.75; but, immediately after the market opened, it was selling at more than $24 per share, which is more than double the price that it had reached at that point.
Since then, the stock of Trump Media DJT has increased by more than twice.
It was notable because it corresponded with a number of recent polls on the presidential election as well as other indicators that fans of former President Donald Trump, who is the largest stakeholder in the company, perceived to be encouraging signs.
This was the reason why it was significant. An increase was seen in spite of the fact that there was very little positive news around the company. Despite this, the growth was recorded.
Trump Media has been referred to as a meme stock by a number of industry professionals. This stock is being bought and sold by supporters of Donald Trump in a substantial chunk of the present market.
These supporters believe that investing in the firm is a way to show their support for the Republican presidential candidate at the same time that they are placing a wager on the possibility that he will win the presidency.
When asked about it in an interview with CNBC, Anne Stevenson-Yang, the founder and research director of short seller J Capital Research, stated that “it does not have anything to do with fundamentals.” This was in response to a question regarding the matter. This was the conclusion that she reached in response to the inquiry.
A single syllable was all that she said when she made her declaration, and it was, “It’s a bet on Trump.”
During the most recent rise, which occurred during an extraordinarily busy trading session, the volume of Trump Media shares had already surpassed the 30-day average volume, which was approximately 15.1 million shares, as reported by FactSet.
This took place a little over an hour after the market had started business.
Trump Media rose during a busy trading session.
There were already more than 27 million shares of Trump Media that were being traded at the time that the clock struck 11:30 a.m. Eastern Time. This signifies that the market is already active.
As a result of the developments, Trump Media is on track to have its fifth strong day in a straight, and it is also on track to have its best week since late March, when the company had just begun publicly trading after completing a corporate combination with a blank-check firm. Both of these developments are expected to occur.
Both of these achievements are anticipated to take place as a consequence of the advances that have taken place.
More than eighty percent of Trump Media’s value had been erased from its post-merger highs prior to the most recent rise, which represented the completion of a slide that had been underway for some months already. This slide had been occurring for several months. The decrease has been going on for some time.
When the company was initially listed on Nasdaq, the share price reached an intraday high of $79.38 per share immediately after the listing. The price of the corporation, on the other hand, has remained far lower than that high level. This was the situation beginning on Thursday and ongoing.
SOURCE: CNBC
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News
Trudeau Accused of Sowing Divisions Between Sikhs and Hindus
Pierre Poilievre, the Conservative Leader, has accused Prime Minister Justin Trudeau of sowing “divisions” that culminated in the violent altercation between Sikh separatists and Hindu devotees outside a Hindu temple in Brampton, Ontario.
Justin Trudeau initiated the question period by condemning Poilievre’s reticence regarding the violence in South Asian communities as “deafening.”
Poilievre refuted the assertion by accusing Trudeau of exploiting the matter to divert attention from domestic economic concerns.
“Consequently, he implements divisions in his residence.” Poilievre stated, “These divisions are the consequence of his actions.”
“Currently, sectarian riots are occurring on the streets of Brampton.” This has never occurred before the tenure of this prime minister. Is he accountable for the divisions he has incited and the ensuing violence?
Trudeau Must Assume Responsibility
Mr. Pierre Poilievre, the Conservative Leader, requested that the Prime Minister assume responsibility for the divisions and violence in Canada. In response, Prime Minister Justin Trudeau addressed Poilievre’s refusal to obtain security clearance to review foreign interference documents.
Trudeau, who has frequently employed a phrase in the question period recently, urged Poilievre to undergo the security clearance procedure to receive a briefing from Canada’s intelligence and security agencies regarding potential threats to the country.
Trudeau’s remarks exacerbate an already precarious police situation, which has the potential to further deteriorate the diplomatic relationship between Canada and India.
Police dispersed a second day of demonstrations outside a Hindu temple in Brampton, Ontario, on Monday. The temple has been the site of violent clashes that have resulted in arrests and a public safety alert.
During the Indian consular officials’ visit to the Hindu Sabha Mandir temple in Brampton on Sunday at midday, violence erupted.
Peel Regional Police issued a public safety alert on Monday evening regarding the presence of weapons at a demonstration near a Hindu temple in Brampton, Ont. The demonstration had been the site of violent clashes between demonstrators the previous day.
Canada India Tensions
Social media videos depict demonstrators holding banners in support of Pro-Khalistan separatism, a proposed independent Sikh homeland in northern India, and engaging in physical altercations with other individuals, some of whom are holding India’s national flag.
Later, an off-duty Sergeant of the Peel police in Brampton, Ontario, was identified as one of the pro-Khalistan protesters.
In the interim, the violence prompted Indian Prime Minister Narendra Modi to make a rare comment during a period of escalating diplomatic tensions between the two countries.
“I unequivocally condemn the intentional destruction of a Hindu temple in Canada.” “The cowardly attempts to intimidate our diplomats are equally appalling,” he shared on social media.
No amount of violence will ever undermine India’s resolve. We anticipate that the Canadian government will maintain the rule of law and ensure justice.
Last September, Trudeau expressed that there were credible allegations that the Indian government was involved in the assassination of Sikh activist Hardeep Singh Nijjar in Canada, which marked the beginning of the deterioration of relations between the two countries. India has vigorously denied the charge.
News
Police Officer Suspended for Joining Pro-Khalistan Protest
A Brampton, Ontario, police officer was suspended on Monday following the viralization of a video on social media that showed him participating in a pro-Khalistan protest outside a Hindu temple.
According to CBC News, the suspended Peel Regional Police officer, Harinder Sohi, was videotaped brandishing a Khalistan flag while other participants in the protest chanted anti-India slogans. He was not wearing a police uniform.
Sohi served as a Sergeant for the Peel Regional Police.
In an email to CBC News, Media Relations Officer Richard Chin informed the organization that it is “aware of a video circulating on social media that depicts an off-duty Peel Police officer participating in a demonstration.”
“This officer has since been suspended in accordance with the Community Safety and Policing Act,” according to him.
“We are investigating the circumstances in totality depicted in the video and are unable to provide further information until this investigation is complete.”
Peel Regional Police have previously stated that three individuals have been charged in connection with the violence that occurred during the visit of Indian consular officials to the Hindu Sabha Mandir temple on Sunday.
Social media videos appear to depict demonstrators holding banners in support of Khalistan, a proposed independent Sikh homeland in northern India, and engaging in a physical altercation with other individuals, some of whom are holding India’s national flag.
The videos appear to depict fist battles and individuals striking each other with poles on the grounds outside the Hindu Sabha Mandir temple.
According to Peel police, the event was ultimately relocated to two additional locations in the neighboring city of Mississauga, where additional demonstrations were also conducted.
Peel police acknowledged the protest on Sunday at noon and announced that they had increased their presence at the Hindu Sabha Mandir temple to preserve public safety and order.
“We acknowledge the right to peacefully and safely protest; however, we will not tolerate criminal activities or violence,” stated Chief Nishan Duraiappah in response to the videos’ dissemination.
“Those that do participate in this activity will be pursued, arrested, and charged.”
The violence elicited condemnations from Canadian political leaders at all levels of government and also prompted Indian Prime Minister Narendra Modi to make a rare comment during a period of escalating diplomatic tensions between the two countries.
Prime Minister Narendra Modi expressed his concern regarding the “deliberate attack” and requested accountability from the Canadian government, which Justin Trudeau heads. He anticipated that the government would uphold the rule of law and ensure justice.
PM Modi expressed his strong condemnation of the deliberately targeted assault on a Hindu temple in Canada in a post on X. The contemptible endeavors to intimidate our diplomats are equally repulsive. No amount of violence will ever be able to undermine India’s resolve.
In the interim, the Minister of External Affairs (MEA) expressed its “profound concern” regarding the safety and security of Indian nationals in Canada, and it anticipates that those who engage in violence will be prosecuted.
The Hindu Sabha Temple in Brampton, Ontario, was the site of violent acts committed by separatists and extremists yesterday. We condemn these actions. “We urge the Canadian government to guarantee that all places of worship are safeguarded from such attacks,” stated Randhir Jaiswal, the spokesperson for the MEA.
Related News:
India Slams Trudeau Over Pro-Khalistani Sikhs Attack
India Slams Trudeau Over Pro-Khalistani Sikhs Attacking Canadian Hindus
News
Pro-Khalistanis Sikhs Attack Hindu Temple in Brampton
Police in Brampton, Ontario, were summoned to the Hindu Temple after a group of pro-Khalistanis Sikhs attacked Hindu worshipers on Sunday. According to the Hindu Canadian Foundation, supporters of the Khalistaani movement in Canada helped to carry out the “attack.”
Following its posting on X, a video of the attack with demonstrators brandishing Khalistan flags at the Hindu Temple’s front entrance quickly became viral, inciting indignation among the Hindu community in Canada and India.
Chandra Arya, a Liberal MP from Canada, denounced the violence and claimed that under the country’s “freedom of expression,” extremists are getting away with it.
According to Arya, he began to think there might be some truth to the claims that Khalistanis have successfully infiltrated Canada’s law enforcement forces and political machinery.
Today, Canadian Khalistani fanatics have crossed a line. The attack by Khalistanis on Hindu-Canadian worshipers within the Hindu Sabha temple’s grounds demonstrates the extent and blatantness of Khalistani violent extremism in Canada.
In a post on X, he stated, “I start to believe that there is a sliver of truth in the reports that Khalistanis have successfully infiltrated not only our political apparatus but also our law enforcement agencies.”
It is understandable why Khalistani fanatics are receiving a free pass in Canada under the guise of “freedom of expression.” As I’ve been saying for a while, Hindu Canadians must stand up, defend their rights, and hold politicians responsible for the safety and security of our community,” he continued.
Peel Regional Police said they were aware of the demonstration in the city’s northeast and are investigating the situation.
The Canadian Charter of Rights and Freedoms states, “We respect the individual right to protest, but it is still our duty and responsibility to maintain public order and ensure everyone’s safety. ” Therefore, we request the public’s help participating in and supporting a nonviolent and legal protest.
Peel police warned that any acts of violence, threats of violence, or vandalism would be looked into and said they would be more visible and present to keep an eye on the situation.
Taking his X account, Brampton Mayor Patrick Brown also conveyed his dissatisfaction after learning of the “acts of violence” outside the Hindu Sabha.
“In Canada, religious freedom is a fundamental virtue. In their house of worship, everyone ought to feel secure. Brown stated in his letter that he is “completely confident that Peel police will do everything in their authority to keep the peace and hold those accountable who commit acts of violence.” “I strongly condemn any acts of violence outside of a place of worship,” Brown added.
“The violence at the Hindu Sabha Mandir in Brampton was unacceptable,” Canadian Prime Minister Justin Trudeau also posted on X.
Every Canadian has the right to freely and securely follow their religion. “Swiftly responding to protect the community and investigate this incident” was how he praised the cops.
As Ottawa frequently rejected New Delhi’s demands for tough measures against Khalistani radicals in Canada, the incident took place during a time of poor relations between India and Canada. Instead, it sparked a huge diplomatic dispute by accusing India of targeting Khalistani people inside its borders.
India Accuses Trudeau of Harboring Pro-Khalistanis Criminals
India Accuses Trudeau of Harboring Pro-Khalistan Criminals in Canada
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