BUZZ-Bakkt up 17% after Monday's surge on report of Trump Media takeover

Reuters

2024/11/19

** Shares of crypto custody and trading firm Bakkt Holdings

gain 17% premarket after Monday's 162.5% rise

** Trump Media and Technology Group is in advanced talks to buy Bakkt, the Financial Times reported on Monday

** Monday's gains added $659.9 million to Bakkt's market cap, which now stands at $1.1 billion

** It traded about 1,171.9% of its 30-day moving average full-day volume of 534,000 shares

** Stock down 46.7% YTD

** Trump Media down 5.8% premarket

(Reporting by Joao Manuel Mauricio)

((JoaoManuel.VicenteMauricio@thomsonreuters.com))

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