By WSJ staff
While President Trump's money managers have been busy piling into stocks, shares in the president's own company have been unloved as of late.
Trump Media & Technology, the parent company of the Truth Social platform, closed at a record low yesterday. It's down 87% from its 2024 peak.
The stock has been volatile ever since it started trading under the ticker DJT (the president's initials) over two years ago. Nevertheless, there are several factors that have weighed on the stock:
-- DJT is widely seen as a proxy for Trump, whose family has a near-majority stake in the company. Recent polls show his approval has taken a tumble as the unpopular Iran war drags on and voters criticize his handling of the economy.
-- The company is struggling to stem losses. Trump Media has never turned a profit, according to FactSet. It reported widening losses for the past four quarters.
-- Strategy, leadership are in flux: Devin Nunes abruptly left his post as CEO last month, and Trump Media put Kevin McGurn in charge on an interim basis, tasking him with the challenge of figuring out how to package the company's odd mix of business ventures. The company plans to merge with TAE Technologies, a nuclear-fusion energy company backed by Alphabet-aiming to capitalize on the AI boom's insatiable appetite for power. It has also floated the idea of spinning out Truth Social.
-- Sparse coverage from mainstream analysts means the stock is seen more like a meme stock and less like an asset institutional investors buy into.
This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).
(END) Dow Jones Newswires
May 19, 2026 07:14 ET (11:14 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
Comments