Trump Media Stock Sinks 20% Since the Election. Here’s What’s Happening With DJT

Dow Jones11-14 18:57

Trump Media stock was one of the clearest Trump trades going into the election. But since Nov. 6, the stock has fallen about 20% while the S&P 500 has risen 2%.

Trump Media trades under the ticker DJT and operates the social media platform Truth Social.

The volatile stock was moving little in the premarket Thursday, down 1.3% to $28.55. On Wednesday, shares fell 5% after reports that insiders will start selling stock. Trading volume was also significantly lower at just under 21 million, compared with its 65-day average of almost 38 million, according to MarketWatch.

Trump Media, trading under the ticker DJT, is majority-owed by President-elect Donald Trump, and operates the social media platform Truth Social. Before the election, it had traded largely as a proxy for Trump’s chances of winning the White House race rather than on its own fundamentals.

While Trump and the Republicans comfortably won the election, completing a red sweep Wednesday winning control of the House of Representatives late Wednesday, according to AP projections, the shares haven’t seen sustained gains since.

The stock’s most recent peak was on Oct. 29, when it reached $51 a share. It’s all time record, since merging with a blank-check firm early this year, was a closing high of $66 in March.

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Nvdapordtfoplioaa
11-14 19:06
Nvdapordtfoplioaa
What is the future of this?
- a4xrbj1:
  $0, the company is making less revenue than two Starbucks shops but has over 100 million expenses per quarter!!!

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But since Nov. 6, the stock has fallen about 20% while the S&amp;P 500 has risen 2%.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/7ee1b9834767bc79ead4f68aeb13f705\" alt=\"Trump Media trades under the ticker DJT and operates the social media platform Truth Social.\" title=\"Trump Media trades under the ticker DJT and operates the social media platform Truth Social.\" tg-width=\"906\" tg-height=\"635\"/><span>Trump Media trades under the ticker DJT and operates the social media platform Truth Social.</span></p><p style=\"text-align: start;\">The volatile stock was moving little in the premarket Thursday, down 1.3% to $28.55. On Wednesday, shares fell 5% after reports that insiders will start selling stock. 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But since Nov. 6, the stock has fallen about 20% while the S&amp;P 500 has risen 2%.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/7ee1b9834767bc79ead4f68aeb13f705\" alt=\"Trump Media trades under the ticker DJT and operates the social media platform Truth Social.\" title=\"Trump Media trades under the ticker DJT and operates the social media platform Truth Social.\" tg-width=\"906\" tg-height=\"635\"/><span>Trump Media trades under the ticker DJT and operates the social media platform Truth Social.</span></p><p style=\"text-align: start;\">The volatile stock was moving little in the premarket Thursday, down 1.3% to $28.55. On Wednesday, shares fell 5% after reports that insiders will start selling stock. 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It’s all time record, since merging with a blank-check firm early this year, was a closing high of $66 in March. </p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Trump Media Stock Sinks 20% Since the Election. 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Here’s What’s Happening With DJT\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-11-14 18:57</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p style=\"text-align: start;\">Trump Media stock was one of the clearest Trump trades going into the election. But since Nov. 6, the stock has fallen about 20% while the S&amp;P 500 has risen 2%.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/7ee1b9834767bc79ead4f68aeb13f705\" alt=\"Trump Media trades under the ticker DJT and operates the social media platform Truth Social.\" title=\"Trump Media trades under the ticker DJT and operates the social media platform Truth Social.\" tg-width=\"906\" tg-height=\"635\"/><span>Trump Media trades under the ticker DJT and operates the social media platform Truth Social.</span></p><p style=\"text-align: start;\">The volatile stock was moving little in the premarket Thursday, down 1.3% to $28.55. On Wednesday, shares fell 5% after reports that insiders will start selling stock. Trading volume was also significantly lower at just under 21 million, compared with its 65-day average of almost 38 million, according to MarketWatch.</p><p>Trump Media, trading under the ticker DJT, is majority-owed by President-elect Donald Trump, and operates the social media platform Truth Social. Before the election, it had traded largely as a proxy for Trump’s chances of winning the White House race rather than on its own fundamentals.</p><p>While Trump and the Republicans comfortably won the election, completing a red sweep Wednesday winning control of the House of Representatives late Wednesday, according to AP projections, the shares haven’t seen sustained gains since.</p><p>The stock’s most recent peak was on Oct. 29, when it reached $51 a share. It’s all time record, since merging with a blank-check firm early this year, was a closing high of $66 in March. </p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4585":"ETF&股票定投概念","DJT":"特朗普媒体科技集团","BK4547":"WSB热门概念","BK4077":"互动媒体与服务","BK4516":"特朗普概念"},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2483290278","content_text":"Trump Media stock was one of the clearest Trump trades going into the election. But since Nov. 6, the stock has fallen about 20% while the S&P 500 has risen 2%.Trump Media trades under the ticker DJT and operates the social media platform Truth Social.The volatile stock was moving little in the premarket Thursday, down 1.3% to $28.55. On Wednesday, shares fell 5% after reports that insiders will start selling stock. 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