Trump Media & Technology Group (NASDAQ:DJT) shares are slightly higher during Thursday’s session following news of a proposed acquisition that could reshape its investment landscape.
Yorkville America Equities, the investment adviser for the Truth Social Funds, announced that it has entered into an agreement to acquire the Point Bridge America First ETF, which is expected to close in the second quarter of 2026, pending shareholder and regulatory approvals.
This acquisition will reorganize the ETF into the Truth Social America First ETF, aligning with the values of Trump Media’s Truth Social platform.
The Point Bridge America First ETF currently manages approximately $32 million in assets.
This transaction aims to enhance the Truth Social Funds product suite, with Yorkville becoming the investment adviser and Point Bridge Capital continuing day-to-day portfolio management.
The broader market experienced declines on the previous trading day, with the Dow Jones falling by 0.34% and the Nasdaq decreasing by 0.44%. This backdrop of mixed performance suggests that the stock’s movement may be influenced by company-specific factors rather than broader market trends.
Trump Media posted $10.1 million of operating cash flow in Q3, says it ended the quarter with $3.1 billion in financial assets.
Technical Analysis
The stock is currently trading 15.7% below its 20-day simple moving average (SMA) and 23.3% below its 100-day SMA, indicating a bearish trend. Shares have decreased by 62.90% over the past 12 months and are positioned closer to their 52-week lows than highs.
The RSI is at 35.32, which is considered neutral territory, while the MACD shows a value of -0.8023, below its signal line at -0.5733, indicating bearish pressure on the stock. The combination of a neutral RSI and bearish MACD suggests mixed momentum.
- Key Resistance: $12.00
- Key Support: $10.50
This company matters in the context of the proposed acquisition, as it aims to enhance its product offerings and align with the values of its user base. The acquisition could potentially strengthen Trump Media’s market position and expand its investment strategies.
Earnings & Analyst Outlook
The countdown is on: Trump Media & Technology Group is set to report earnings on March 3, 2026.
- EPS Estimate: 1 cent (Down from 1 cent YoY)
- Revenue Estimate: $1.00 Million (Down from $1.00 Million YoY)
Benzinga Edge Rankings
Below is the Benzinga Edge scorecard for Trump Media & Technology Group, highlighting its strengths and weaknesses compared to the broader market:
- Momentum: Weak (Score: 2.16) — Stock is underperforming the broader market.
DJT Price Action: Trump Media & Tech Gr shares were up 0.05% at $10.48 at the time of publication on Thursday. The stock is trading near its 52-week low of $9.90, according to Benzinga Pro data.
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