Why is Trump's Truth Social stock plummeting? [Yahoo! Finance]
Similarweb Ltd. Ordinary Shares (SMWB)
Company Research
Source: Yahoo! Finance
After vaulting from an initial offering price of about $50 to a peak of nearly $80 in late March, the share price has dropped a staggering 68%. In early trading on Tuesday, the price stood at about $25. The sharp decline traces primarily to the company's status as a so-called meme stock, which appeals to investors on the basis of ideology rather than financial outlook, experts told ABC News. Since Truth Social suffers continued losses and lacks a path to profitability, the stock risks selloffs on even mildly negative news, they said. “The political hope is meeting a financial reality,” Tyler Richey, an analyst at Sevens Report Research, told ABC News. Truth Social did not immediately respond to ABC News' request for comment. The stock performance holds significant financial implications for former President Donald Trump, whose 60% stake in the company could ultimately deliver a multi-billion dollar windfall. Truth Social shares make up a large portion of Trump's overall net w
Show less
Read more
Impact Snapshot
Event Time:
SMWB
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
SMWB alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
SMWB alerts
High impacting Similarweb Ltd. Ordinary Shares news events
Weekly update
A roundup of the hottest topics
SMWB
News
- Is IPO Stock Reddit a Buy Now? [Yahoo! Finance]Yahoo! Finance
- 7 Best Sites Like Ancestry.com to Research Your Family History [Yahoo! Finance]Yahoo! Finance
- Mickey Mantle Memorabilia Keeps Setting Records For Auctioneers [Forbes]Forbes
- Truth Social tiene una ventaja frente a las plataformas de derecha que flaquean [The New York Times]The New York Times
- Similarweb to Announce First Quarter 2024 Financial Results on May 7, 2024, After Market CloseBusiness Wire
SMWB
Earnings
- 2/13/24 - Beat
SMWB
Sec Filings
- 3/8/24 - Form 144
- 3/7/24 - Form 144
- 3/6/24 - Form 144
- SMWB's page on the SEC website