Marjorie Taylor Greene's Unsuccessful Trump Stock Bet

Representative Marjorie Taylor Greene became one of the top news makers in October 2021 as she put her money into Trump Media Group. It means that she not only supported the developed ideas and supported this company during the political events but also became a stockholder. Now Trump Media Group, I should remind that the price was $118.80 at opening and nearly $67 at closing. I presume that this lady might have approximately 200 – 600 shares.

Unfortunately, it cannot be noted that the Rep’s investment has been successful in the case. As of the first days of January 2022, the stock price equals $23.54, and the value ranges from $4,700 to $14,000. The potential loss equals $46,000, and the stock fluctuates widely. However, it is also essential to mention that DJT is slowly gaining (-34.19%) as of 2024. On the other hand, the situation looks negative to me as I look at the most recent data. It has significantly decreased by 41.97% over the last 30 days, and the number of positive trading days over the last 30 equals only 10. At the same time, a “death cross” and the current large increase in short interest also serve as indicators that it is likely to decrease. In fact, I agree with such a prediction, as I believe that the stock will not become more stable soon.