This post was originally published on this site
On the heels of former President Donald Trump’s announcement that he proposes to build a new social media platform called Truth Social, SALM’s stock has surged 113.7% in price over the last three months and 42.7% over the past month. Dr. Sebastian Gorka, one of SALM’s former network hosts, was appointed to President Trump’s National Security Education Board last year. Given the company’s ties with the former President, the stock witnessed a tidal wave of bullishness.
However, we think the company’s poor profitability and financial instability could impact the stock’s momentum in the near term.
