Why Is DJT Stock Up Premarket Today?

• The company said that it had replaced Nunes with Kevin J. McGurn as Interim CEO effective immediately. 
• McGurn has served as an advisor to Trump Media since December 2024, as per the company. 
• On Stocktwits, retail sentiment around DJT stock stayed in the ‘extremely bullish’ territory over the past 24 hours amid ‘extremely low’ message volumes.

Shares of Trump Media & Technology Group Corp. (DJT) climbed 2% in Wednesday’s premarket trading session after the company’s CEO, Devin Nunes, departed abruptly.

The company said that it had replaced Nunes with Kevin J. McGurn as Interim CEO effective immediately. Neither Nunes nor the company provided a reason for the departure.

Who Is Kevin J. McGurn?

McGurn has served as an advisor to Trump Media since December 2024, as per the company. As the successor to Nunes, McGurn will head the media company’s strategic initiatives across social media, streaming, and mergers and acquisitions.

McGurn boasts of more than two decades of leadership across digital media, streaming, telecommunications, and advertising technology. He has also held senior leadership roles at major media and technology companies and has also advised organizations on strategic growth, platform development, and corporate transactions.

Donald Trump Jr. praised McGurn for his experience, while thanking Nunes for his service to the company over the past four years. “Kevin brings deep experience across media, technology, and capital markets, as well as a strong understanding of Trump Media’s operations and strategic priorities. His familiarity with the Company and alignment with our leadership team uniquely position him to guide Trump Media through this important period,” he said.

DJT Stock Performance

The media company, which counts President Donald Trump among its major shareholders, is headed for a month in green if gains hold, breaking a streak of three consecutive months of declines.

On Stocktwits, retail sentiment around DJT stock stayed in the ‘extremely bullish’ territory over the past 24 hours amid ‘extremely low’ message volumes.

Meanwhile, DJT shares have lost more than 58% in the past year.

For updates and corrections, email newsroom[at]stocktwits[dot]com.

Also Read: BE Vs FCEL: Which Renewable Energy Stock Is A Better Bet Amid AI Boom?