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Selling pressure on the parent company of Truth Social persists as regulatory questions surrounding its Truth API data product remain open. Trump Media & Technology Group (NASDAQ:DJT) stock is down 4% to $6.
RUM Group stock has been in a strong freefall this month, reaching its lowest level since July 31 this year. It fell to $5.86, down by 45% from its highest point in August, and technicals suggest that it has more downside as AI jitters persist.
One alternative social media name is slipping while its closest rival rises, a split that marks the selling as company-specific. Trump Media & Technology Group (NASDAQ:DJT) stock has fallen 7% to $6.48 this afternoon.
Smaller, more volatile stocks are taking oversized losses, and two social media names are near the front of that group. Trump Media & Technology Group (NASDAQ:DJT) stock is down 6% to $6.94 in afternoon trading.
Speculative social-media stocks are falling faster than benchmark funds after a hotter-than-expected inflation report. Trump Media & Technology Group (NASDAQ:DJT) stock is trading at $7.38, down 5%.
Rumble Resources Ltd (ASX:RTR, OTC:RTRFF) is advancing its Western Queen Gold-Tungsten Project in Western Australia toward a potential development decision, with pit dewatering preparations underway, an updated Scoping Study nearing completion and financing discussions progressing. The company is targeting release of the updated Scoping Study during October, followed by completion of a Feasibility Study and a potential decision to mine during the December quarter of 2026.
Rumble Inc. (NASDAQ: RUM - Get Free Report) traded up 6.2% during trading on Wednesday. The stock traded as high as $8.32 and last traded at $8.2020. Approximately 786,270 shares were traded during mid-day trading, a decline of 76% from the average session volume of 3,219,290 shares. The stock had previously closed at $7.72. Wall Street
RUM Group Inc (NYSE:RUM) stock turned higher overnight after Texas Capital initiated coverage with a "buy" rating and a $15 price target, implying a 94% upside to yesterday's close.